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Shingle Industries has provided the following information for its most recent year of operation: Cash collected from customers 187,600 Cash borrowed from banks 64,300

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Shingle Industries has provided the following information for its most recent year of operation: Cash collected from customers 187,600 Cash borrowed from banks 64,300 Cash paid to employees for salaries 65,100 Cash received from selling Shingle common stock to 86,500 stockholders 9 Cash payments to banks for repayment of money borrowed 15,900 Cash paid to suppliers 26,800 Land costing $29,000 was sold for 54,500 Cash paid for dividends to stockholders 7,500 How much was Shingle's cash flow from operating activities? Multiple Choice $88,200 $101,500 $79,800 $95,700

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