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Question 3 USE THE FOLLOWING INFORMATION FOR QUESTIONS #3-5. Fu Man Chu, Inc. began operations on January 1, 2020. During the first mon of

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Question 3 USE THE FOLLOWING INFORMATION FOR QUESTIONS #3-5. Fu Man Chu, Inc. began operations on January 1, 2020. During the first mon of operations, the following cash transactions occurred: 1) Issued stock for $37,000 2) borrowed $20,000 from their local bank 3) Sold merchandise for $25,000 4) Paid back $5,000 of the loan to the bank 5) Paid rent expense for $2,500 6) Purchased equipment costing $17,000 7) Paid $2,000 dividends to stockholders 8) Paid salaries of $3,500 WHAT IS THE CASH FLOW FROM OPERATING ACTIVITIES? INFLOW OF $19,500 INFLOW OF $10,000 INFLOW OF $19,000 INFLOW OF $55,000 2 pts

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