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Rose opened an Office Cleaning Service company on January 1, 2020. During 2020 she had the following transactions. (1) She started the business with

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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) (3) She borrowed $40,000 from bank by issuing a 5-year note. She purchased $15,000 of furniture and equipment in cash. She purchased a truck for business use at $20,000 in cash. (4) (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 During the year, she took $8,000 as dividend. (8) (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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