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1. El Paso Company engaged in the following transactions during 2010, its first year in operation: 1. Acquired $3,000 cash from issuing common stock. 2.
1. El Paso Company engaged in the following transactions during 2010, its first year in operation: 1. Acquired $3,000 cash from issuing common stock. 2. Sold goods on account $34,000 3. Collected cash from accounts receivable $20.000 4. Earned $3,100 of revenues on account 5. Incurred cash operating expenses of $2,750. 6 Purchased $500 supplies on account Calculate the amount of cash flow from operating activities. 1 A B I c
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