Yowell Company began operations on January 1 Year 1 During Y

Yowell Company began operations on January 1, Year 1. During Year 1, the company engaged in the following cash transactions:

1) issued stock for $56,000

2) borrowed $33,000 from its bank

3) provided consulting services for $54,000 cash

4) paid back $23,000 of the bank loan

5) paid rent expense for $13,000

6) purchased equipment for $20,000 cash

7) paid $3,800 dividends to stockholders

8) paid employees\' salaries of $29,000

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

consulting services 54000 Rent Expense 13000 Salaries 29000 42000 Cash flow from operating activities 12000