Jordan began operations on Jan 1. During the year the following cash transactions occurred:

1) Issued stock for $35,000

2) Borrowed $15,000 from the local bank

3) Sold services on account for $32,000

4) Collected 28,000 of the amounts it was owed

5) Paid $10,000 back to the bank

6) Incurred $25,000 of operating expenses on account (to be paid next month)

7) Paid cash to purchase computer equipment costing $1,500

8) Paid $21,000 on its accounts payable

9) Paid its investors $1,000 in dividends

What is the cash flow from Operating Activities?

A.

Inflow of $57,000

B.

Inflow of $15,000

C.

Inflow of $7,000

D.

Inflow of $20,000