Nelson Company experienced the following transactions during year 1, its first year in operation.

1. Issued $12,000 of common stock to stockholders.

2. Provided $4,600 of services on account.

3. Paid $3,200 cash for operating expenses.

4. Collected $3,800 of cash from accounts receivable.

5. Paid a $200 cash dividend to stockholders.

The amount of net cash flow from operating activities shown on Nelson Company's Year 1 statement of cash flows is:

A. $400

B $600

C $1,4000

D $1,200