Waldorf Co Had The Following Transactions During The Month Of October 2014 Cash (1)

Waldorf Co. had the following transactions during the month of October 2014

Cash received from bank loans was $60,000.

Dividends of $18,500 were paid to stockholders in cash.

*Revenues earned and received in cash amounted to $100,500.

Expenses incurred and paid were $78,000.

Refer to the information above. For the month of October, net cash flows from operating activities for Waldorf were:

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