Astoria Co. had the following transactions during the month of August 2014:

* Cash received from bank loans was $20,000.

* Dividends of $9,500 were paid to stockholders in cash.

* Revenues earned and received in cash amounted to $33,500.

* Expenses incurred and paid were $26,000.

Refer to the information above. For the month of August, net cash flows from operating activities for Astoria were:

33,500.

7,500.

20,000.

26,000.