Peter Corporation reported the following transactions for 2019: 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 2020 4. Recognized $2,000 in interest expense on Dec 31, 2019 - to be paid on April 30, 2020 5. Received 58,000 as collections from customers for 2018 sales, and $18,000 for 2019 sales 6. Reacquired 300 shares of its own common stock at $20 per share 7. Recelved $2,000 in dividends on stock held as available for sale 8. Recorded depreclation 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 recelved from sale of avalable for sale securities $6,000 14. Repaid a loan, which included $5,000 of the principal and $1,000 in interest Peter Corporaton uses the direct method for preparing the 2019 Statement of Cash flows. The net cash flow from operating activities is: Select one. a. (58,000) b. 56,000 c. $1,000 d. 54,000