Peter Corporation reported the following transactions for 2013:

1.

Sold equipment for $7,000. The original cost was $15,000; the book value is $6,000

2.

Issued 2,000 shares of $5 par value common stock for $12 per share

3.

Paid $3,000 for an Insurance policy which goes into effect in January 2014

4.

Recognized $2,000 in Interest expense on Dec 31, 2013 - to be paid on April 30, 2014

5.

Received $8,000 as collections from customers for 2012 sales, and $18,000 for 2013 sales

6.

Reacquired 300 shares of its own common stock at $20 per share

7.

Received $2,000 in dividends on stock held as available for sale

8.

Recorded depreciation expense for $5,000

9.

Paid $1,000 of dividends to common stockholders

10.

Purchased equipment costing $65,000, by making a cash down payment of $20,000 and signing a note for the remaining $45,000.

11.

Acquired a building with a market value of $250,000 by issuing 20,000 shares of common stock.

12.

Paid salaries of $18,000

13.

Cash received from sale of available for sale securities $6,000

14.

Repaid a loan, which included $5,000 of the principal and $1,000 in interest

Peter Corporation uses the direct method for preparing the 2013 Statement of Cash Flows.

The net cash flow from operating activities is:

Select one:

A. $1,000

B. ($8,000)

C. $4,000

D. $6,000