Net income for the year 2019 was $15,000.

Accounts receivable increased $12,000, inventories decreased $4,000, and accounts payable decreased $5,000.

Depreciation expense included in net income was $6,000.

During the year, a piece of land was purchased for $7,000 and a truck was sold for $4,000 when its book value was $5,500.

The company borrowed $28,000 on a two-year note from the bank and repaid $15,400 on a short-term note. Dividends of $16,000 were declared during 2019. The balance in Dividends Payable increased by $10,000 for the year.

What was net cash flow from operating activities (if a decrease, place your result in parentheses)?

Correct Answer: $6500