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. . ABC Company is a manufacturing firm. At the beginning of July, ABC had a total inventory balance of $46,000. During the month of

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. . ABC Company is a manufacturing firm. At the beginning of July, ABC had a total inventory balance of $46,000. During the month of July, ABC had the following transactions. Purchased raw materials costing $5,000 Paid office staff salaries of $1,000 Paid production staff salaries of $10,000 Purchased office equipment costing $18,000 Purchased production equipment costing $15,000 Recognized $2,000 depreciation on the office equipment Recognized $4.000 depreciation on the production equipment Sold $47,000 worth of finished goods for $76,000 cash Assume all transactions, except depreciation, are for cash. What is ABC Company's Net Cash Flow from Operating Activities for July? . 57.000 $13,000 $20.000) $60.000 Previous Next OSC DO 8 52

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