14 Required Record each of the following Fred Co. events in T-accounts: a. Received $13,500 cash by issuing common stock. 8 02:40:24 Cash Common Stock Debit Credit Debit Credit Print b. Purchased supplies for $1,110 cash. Cash Supplies Debit Credit Debit Credit c. Purchased land for $9,800 cash. Cash Land Debit Credit Debit Credit d. Performed services for $4,300 cash. Cash Service Revenue Debit Credit Debit Credit The following information is for Cleveland Company: 17 End of Year 02:40:09 Accounts receivable Prepaid rent Long term investments Dividends payable Salaries payable Long term notes payable $122,500 42,000 141,500 41,800 155,000 342, 200 Beginning of Year $172,000 17,400 162,500 50,800 166,600 363,200 Print Additional data for the current year: (1) Sales on account for the period were $169,000. (2) Operating expenses for the period were $107,000. Based on this limited information, what was the net cash inflow from operating activities