Problem:
Callahan Company earned $5,100 of cash revenue, paid $2,800 for cash expenses, and paid a $1,100 cash dividend to its owners. Which of the following statements is true?
A. Cash flows from financing activities were unchanged.
B. The net cash flow from operating activities was $1,200.
C. The net cash flow from operating activities was $2,300.
D. The net cash flow from investing activities was an outflow or decrease of $1,100.
Note: Explain all steps comprehensively.