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Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000 2) borrowed
Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000
2) borrowed $31,000 from its bank
3) sold merchandise for $32,000
4) paid back $10,800 of the bank loan
5) paid rent expense for $3,200
6) purchased equipment costing $6,200
7) paid $3,000 dividends to stockholders
8) paid employees' salaries, $11,800
What is Cole's net cash flow from operating activities?
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