Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions: 1) issued stock for $58,000 2) borrowed $34,000 from its bank 3) provided consulting services for $56,000 4) paid back $24,000 of the bank loan 5) paid rent expense for $13,500 6) purchased equipment costing $21,000 7) paid $3900 dividends to stockholder 8) paid employees' salaries, $30,000 What is Yowell's net cash flow from operating activities?
A. Inflow of $26,000
B. Inflow of $46,500
C. Inflow of $12,500
D. Inflow of $8600
Answer: C
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