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Question 8 2.5 pts Braxton Enterprises experienced the following events during 2020, its first year of operations: Received $36,000 cash from the issue of common stock on January 1, 2020. During 2020, Braxton earned $16,500 of revenue on account. Braxton subsequently collected $13,000 cash from accounts receivable. Braxton paid $3,000 cash for advertising expense during 2020. The company also accrued $5,000 for salaries expense during 2020, payable in 2021. - Based on this information, the cash balance at December 31, 2020 was O $ 62.500 O $ 36,500 ho $ 46,000 O $ 41,000. L Question 9 2.5 pts Based on the information provided in Question 8, Braxton's retained earnings balance at December 31 2020 is $ 8,500. $10,000 $13,500 $5,000 Question 10 2.5 pts Based on the information provided in Question 8, net cash flows from operating activities for the year ending December 31, 2020 was O $5,000 net inflow O $10,000 net inflow $13,000 niet inflow $13,500 net inflow