Question: Eagle Corp. ' s 2 0 2 4 income statement reported total revenues of $ 5 1 5 , 0 0 0 and total expenses

Eagle Corp.'s 2024 income statement reported total revenues of $515,000 and total expenses of $600,000(including $30,000 of depreciation). During 2024, Eagle Corp. sold a piece of equipment with a book value of $45,000 for $40,000. The appropriate gain/loss was reported on Eagle Corp.'s 2024 income statement. The 2024 comparative balance sheet reported the following: cash- beginning balance, $60,000 and ending balance, $75,000; accounts receivable- beginning balance, $55,000 and ending balance $45,000; inventorybeginning balance, $65,000 and ending balance, $60,000; Equipment- beginning balance, $250,000 and ending balance, $225,000; accounts payable- beginning balance, $35,000 and ending balance $42,000. Therefore, based only on this information, 2024 net cash flow from operating activities was:
$28,000 cash outflow
$3,000 cash outflow
$43,000 cash outflow
$18,000 cash outflow
None of the above.
 Eagle Corp.'s 2024 income statement reported total revenues of $515,000 and

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