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Freeman, Inc. began operations on January 1, 2020. During 2020, the company engaged in the following cash transactions: 1) issued stock for $70,000 2)
Freeman, Inc. began operations on January 1, 2020. During 2020, the company engaged in the following cash transactions: 1) issued stock for $70,000 2) borrowed $40,000 from its bank 3) provided consulting services for $68,000 4) paid back $30,000 of the bank loan 5) paid rent expense for $16,500 6) purchased equipment costing $27,000 7) paid $4,500 dividends to stockholders 8) paid employees' salaries, $36,000 What is Freeman's net cash flow from investing activities?
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