During the Month of May,Henderson Company Had the Following Transactions

Multiple Choice

During the month of May,Henderson Company had the following transactions: (1) Revenues of $60,000 were earned and received in cash.
(2) Bank loans of $9,000 were paid off.
(3) Equipment of $20,000 was purchased.
(4) Expenses of $36,800 were paid.
(5) Stockholders purchased additional shares for $22,000 cash.
A statement of cash flows for May would report net cash flows from operating activities of:

A) $60,000.
B) $16,200.
C) $23,200.
D) $20,000.