Question: Please Help Quickly with this question. Just need the answer. Thank you ABC Company ended Year 1 with the following account balances: Cash $640, Common

Please Help Quickly with this question. Just need the answer. Thank you

ABC Company ended Year 1 with the following account balances:

Cash $640, Common Stock $470, and Retained Earnings $270.

The following transactions occurred during Year 2:

Issued common stock for $18,400 cash.

ABC borrowed an additional $10,700 from Chris Bank.

ABC earned $7,700 of revenue on account.

ABC incurred $3,200 of operating expenses on account.

Cash collections of accounts receivables were $7,700.

ABC provided additional services to customers for $1,000 cash.

ABC purchased land for $13,400.

ABC used $3,800 in cash to make a partial payment on its accounts payable.

ABC declared and paid a $210 dividend to the stockholders.

On December 31 ABC had accrued salaries of $4,300.

What is the net cash flow from operating activities shown on the statement of cash flows for the year ending December 31, Year 2?

Multiple Choice:

$7,700

$4,900

None of these answer choices is correct.

$4,690

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