If sales are $246,000, expenses are $204,000 and dividends are $26,000, Income Summary: Multiple Choice 11 Will have a credit balance of $16,000, Will have a debit balance of $42.000 Will have a credit balance of $42.000 Will have a debit balance of $16,000. Astoria Co. had the following transactions during the month of August 2018: Cash received from bank loans was $27.000. * Dividends of $10,200 were paid to stockholders in cash. Revenues earned and received in cash amounted to $40,500 * Expenses incurred and paid were $29,500. For the month of August, net cash flows from operating activities for Astoria were: Multiple Choice $29,500 $11,000 $27,000. $40,500