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Petras Company engaged in the following transactions during 2012, its first year in operations: (Assume all transactions are cash transactions 1) Acquired $1,050 cash from

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Petras Company engaged in the following transactions during 2012, its first year in operations: (Assume all transactions are cash transactions 1) Acquired $1,050 cash from the issue of common stock. 2) Borrowed $520 from a bank. 3) Earned $700 of revenues. 4) Paid expenses of $270 5) Paid a $70 dividend. During 2013, Petras engaged in the following transactions: (Assume all transactions are cash transactions) 1) Issued an additional $425 of common stock 2) Repaid $290 of its debt to the bank. 3) Earned revenues of $850 4) Incurred expenses of $400. 5) Paid dividends of $120. Petras Company's net cash inflow from operating activities for 2012 is O $430. $700, o $360 o $630

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