During the month of February, Farness Company had the following transactions:

(1) Revenues of $225,000 were earned and received in cash.

(2) Bank loans of $18,000 were paid off.

(3) New bank loans of $15,000 were incurred.

(4) Equipment of $40,000 was purchased with cash.

(5) Equipment was sold for its book value of $36,000. Cash was received.

(6) Expenses of $171,400 were paid.

(7) Stockholders purchased additional shares for $50,000 cash.

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

Group of answer choices

$53,600.

$4,000.

$35,600.

$96,600.

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