Husky Company has provided the following information for its most recent year of operation:

Cash collected from customers totaled $91,200.

Cash borrowed from banks totaled $35,500.

Cash paid to employees for salaries totaled $34,000.

Cash received from selling Husky common stock to stockholders totaled $60,000.

Cash payments to banks for repayment of money borrowed totaled $9,400.

Cash paid to suppliers totaled $14,400.

Land costing $38,000 was sold for $38,000 cash.

Cash paid for dividends to stockholders totaled $5,200.

How much was Husky's cash flow from operating activities?

Multiple Choice

• $47,400

• $42,800

• $31,300

• $35,500