Keyser Beverage Company reported the following items in the most recent year.
Net income $40,000
Dividends paid $5,000
Increase in accounts receivable $10,000
Increase in accounts payable $7,000
Purchase of equipment (capital expenditure) $8,000
Depreciation expense $4,000
Issue of notes payable $20,000
Compute net cash provided by operating activities, the net change in cash during the year, and free cash flow.