During the month of May, Henderson Company had the following transactions: (1) Revenues of $69,000 were earned and received in cash. (2) Bank loans of $15,750 were paid off. (3) Equipment of $29,000 was purchased. (4) Expenses of $41,300 were paid. (5) Stockholders purchased additional shares for $31,000 cash. A statement of cash flows for May would report net cash flows from operating activities of: