Cole Company began operations on January 1 2011 During 2011

Cole Company began operations on January 1, 2011. During 2011, the company engaged in the following cash transactions: 1) issued stock for $30,000

2) borrowed $31,000 from its bank

3) sold merchandise for $32,000

4) paid back $10,800 of the bank loan

5) paid rent expense for $3,200

6) purchased equipment costing $6,200

7) paid $3,000 dividends to stockholders

8) paid employees\' salaries, $11,800

What is Cole\'s net cash flow from operating activities?

Solution: 17,000

Working:

Bank loan

10800

rent

3200

dividend

3000

17,000