Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions:

1. 1) issued stock for $60,000
2. 2) borrowed $35,000 from its bank
3. 3) provided consulting services for $59,000 cash
4. 4) paid back $25,000 of the bank loan
5. 5) paid rent expense for $14,000
6. 6) purchased equipment for $22,000 cash
7. 7) paid $4,000 dividends to stockholders
8. 8) paid employees' salaries of $31,000

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