Nelson Company experienced the following transactions during Year 1. its first year in operation. 1. Acquired $8.800 cash by issuing common stock. 2. Provided $5,100 of services on account. 3. Paid $2,300 cash for operating expenses: 4. Collected $3.300 of cash from customers in partial settlement of its accounts receivable: 5. Paid a $240 cash dividend to stockholders: What is the amount of net cash flows from operating activities that will be reported on the Year 1 statement of cash flows? Multiple Choice $2,800 5480 52,560 $1,000