Problem:
Keyser Beverage Company reported the following items in the most recent year.
| Net income |
|
$45,950 |
| Dividends paid |
|
6,760 |
| Increase in accounts receivable |
|
11,890 |
| Increase in accounts payable |
|
8,370 |
| Purchase of equipment (capital expenditure) |
|
8,080 |
| Depreciation expense |
|
7,370 |
| Issue of notes payable |
|
23,630 |
Required:
Question: Compute net cash provided by operating activities, the net change in cash during the year.
Note: Provide support for your rationale.