The Blumer Company entered into the following transactions during 2012: 1. The company was started with $22,000 of common stock issued to investors for cash. 2. On July 1, the company purchased land that cost $15,500 cash. 3. There were $700 of supplies purchased on account 4. Sales on account amounted to $9,500. 5. Cash collections of receivables were $5,500 6. On October 1, 2012, the company paid $3,600 in advance for a 12-month insurance policy that became effective on October 1. 7. Supplies on hand as of December 31, 2010 amounted to $225. The amount of cash inflow from operating activities would be: O A. $1,900 O B. $8,400 O C. $3,100 OD. 55,400