The following information is for question 10-13.

During the month of February, Fadness Company had the following transactions: * Revenues of $225,000 were earned and received in cash. * Bank loans of $18,000 were paid off. * New bank loans of $15,000 were incurred. * Equipment of $40,000 was purchased with cash. * Equipment was sold for its book value of $36,000. Cash was received. * Expenses of $171,400 were paid in cash. * Stockholders purchased additional shares for $50,000 cash.

10.

Refer to the information above. A statement of cash flows for February, would report net cash flows from operating activities of:

A.	$4,000.
B.	$35,600.
C.	$53,600.
D.	$96,600.

11.

Refer to the information above. A statement of cash flows for February, would report net cash flows from financing activities of:

A.	$4,000.
B.	$47,000.
C.	$83,000.
D.	$96,600.