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5 Yowell Company began operations on January 1. Year 1. During Year 1. the company engaged in the following cash transactions: 1) issued stock for

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5 Yowell Company began operations on January 1. Year 1. During Year 1. the company engaged in the following cash transactions: 1) issued stock for $48,000 2) borrowed $29,000 from its bank 3) provided consulting services for $46,000 cash 4) paid back $19,000 of the bank loan 5) paid rent expense for $11,000 6) purchased equipment for $16,000 cash 7) paid $3.400 dividends to stockholders 8) paid employees' salaries of $25,000 00.3230 What is Yowell's net cash flow from operating activities? Multiple Choice

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