BE 12 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.