Yowell Company began operations on January 1, 2016. During 2016, the company engaged in the following cash transactions: 1) issued stock for $72,000 2) borrowed $41,000 from its bank 3) provided consulting services for $70,000 4) paid back $31,000 of the bank loan 5) paid rent expense for $17,000 6) purchased equipment costing $28,000 7) paid $4,600 dividends to stockholders 8) paid employees' salaries, $37,000

What is Yowell's net income?

$16,000

$31,000

$4,600

$67,400

4. Required information

What is Yowell's ending notes payable balance?

$31,000

$0

$41,000

$10,000

5. Required information

What is Yowell's net cash flow from operating activities?

Inflow of $11,400 Inflow of $33,000 Inflow of $16,000 Inflow of $57,000