During the month of August, Boyce Company had the following transactions:

$(1)$ Revenues of $$127,000$ were earned and received in cash.

$(2)$ Bank loans of $$23,250$ were paid off.

$(3)$ Equipment of $$47,000$ was purchased with cash.

$(4)$ Expenses of $$77,100$ were paid.

$(5)$ Stockholders purchased additional shares for $$51,000$ cash.

A statement of cash flows for August, would report net cash flows from operating activities of:

Select one:

a$.$ $$47,000.$

b$.$ $$30,650.$

c$.$ $$27,750.$

d$.$ $$49,900.$