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Madison Company issued an interest-bearing note payable with a face amount of $26,400 and a stated interest rate of 8% to the Metropolitan Bank on

Madison Company issued an interest-bearing note payable with a face amount of $26,400 and a stated interest rate of 8% to the Metropolitan Bank on August 1, Year 1. The note carried a one-year term.

The amount of cash flow from operating activities on the Year 1 statement of cash flows would be:

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