During the year, Glencoe Corporation paid dividends of $20,000 and received a bank loan for $60,000. The company's net income for the year was $30,000. Depreciation expense for the year was $16,000. Accounts receivable increased by $2,000, inventory decreased by $3,000, accounts payable decreased by $2,200, and prepaid insurance increased by $2,400. 9. How much is the company's cash flow from operations? A. $49,600 B. $26,400 C. $42,400 D. $33,600 During the year, Avatar Company issued 1,250 shares of its $2.00 par value common stock for $30 per share, and declared and paid cash dividends totaling $2.00 per share. 10. By what amount does contributed capital increase as a result of these events? A. $37,500 B. $1,000 C$36,500 $35,000