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Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $56,000
Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions:
1) issued stock for $56,000
2) borrowed $33,000 from its bank
3) provided consulting services for $54,000 cash
4) paid back $23,000 of the bank loan
5) paid rent expense for $13,000
6) purchased equipment for $20,000 cash
7) paid $3,800 dividends to stockholders
8) paid employees' salaries of $29,000
What is Yowell's net cash flow from operating activities?
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