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consider the following cash outflows realized by Franciscan Company for the twelve months ended 1 2 / 3 1 / 2 0 X 7 :

consider the following cash outflows realized by Franciscan Company for the twelve months ended 12/31/20X7:
1. $1,000 cash paid for wages.
2. $1,000 cash paid for advertising.
3. $1,000 cash paid to the bank for interest on borrowings.
4. $1,000 cash paid to the bank for principal on borrowings.
Under U.S. GAAP, what value will Franciscan report on its 20X7 Cash Flow Statement as the cash outflow from operating activities?

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