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Rose opened an Office Cleaning Service company on January 1 , 2 0 2 0 . During 2 0 2 0 she had the following

Rose opened an Office Cleaning Service company on January 1,2020. During 2020
she had the following transactions.
(1) She started the business with investing $30,000 of her own money (business
was organized as corporation)
(2) She borrowed $40,000 from bank by issuing a 5-year note.
(3) She purchased $15,000 of furniture and equipment in cash.
(4) She purchased a truck for business use at $20,000 in cash.
(5) During the year, provided $70,000 services to customers of which $66,000
was collected, the rest was not yet collected as of Dec. 31st.
(6) During the year, she incurred $55,000 of salaries, rent, utilities, and insurance
expenses of which $3000 was still not paid as of Dec. 31st.
(7) During the year, she paid $3000 interest on the note to the Bank
(8) During the year, she took $8,000 as dividend.
(9) During the year, purchased $2000 of supplies in cash. $500 of the supplies
was left as of Dec. 31st.
(10) During the year, she sold $1000 of unnecessary equipment in cash.
(11) Depreciation expense for year was $4,500.
Compute net cash flows from financing activities.
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