Use the Following Information for Questions Below

Use the following information for questions below
Herman Corporation reported the following transactions for 2019:
1. Sold equipment for $28,000. The original cost was $60,000; the book value is $24,000
2. Issued 2,000 shares of $20 par value common stock for $48 per share
3. Paid $12,000 for an Insurance policy which goes into effect in January 2020
4. Recognized $8,000 in Interest expense on Dec 31, 2019 - to be paid on April 30, 2020
5. Received $32,000 as collections from customers for 2018 sales, and $72,000 for 2019 sales
6. Reacquired 300 shares of its own common stock at $80 per share
7. Received $8,000 in dividends on stock held as available for sale
8. Recorded depreciation expense for $20,000
9. Paid $4,000 of dividends to common stockholders
10. Purchased equipment costing $260,000, by making a cash down payment of $80,000 and signing a note for the remaining $180,000.
11. Acquired a building with a market value of $1,000,000 by issuing 20,000 shares of common stock.
12. Paid salaries of $72,000
13. Cash received from sale of available for sale securities $24,000
14. Repaid a loan, which included $20,000 of the principal and $4,000 in interest
Herman Corporation uses the direct method for preparing the 2019 Statement of Cash Flows.
-The net cash flow from operating activities is:

A) $(32,000)
B) $ 4,000
C) $24,000
D) $16,000