Rico's Taqueria had cash inflows from operating activities of $27,000; cash outflows from investing activities of $22,000, and cash outflows from financing activities of $12,000. Calculate the net increase or decrease in cash.
A. $7,000 decrease.
B. $61,000 increase.
C. $34,000 decrease.
D. $37,000 increase.
E. $7,000 increase.
Answer: A
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