Given the following data:
Income Statement
For the Year Ended DeC. 31, 2011 Additional information:
1. Increase in accounts receivable during 2011 - $25,000
2. Decrease in inventory during 2011 - $13,000
3. Decrease in accounts payable during 2001 - $28,000
4. Sale of old equipment for cash - $65,000
5. Dividends declared - $45,000; dividends paid - $40,000
6. New building acquired by issuing common shares - $42,000
7. Sold bonds for cash - proceeds of $75,000
What was net cash inflow (outflow) from operating activities during 2011?
Correct Answer:
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