Hendrickson Corporation reported net income of $50,000 in 2012. Depreciation expense was $17,000. The following working capital accounts changed.
|
Accounts receivable |
$11,000 increase |
|
Available-for-sale securities |
16,000 increase |
|
Inventory |
7,400 increase |
|
Nontrade note payable |
15,000 decrease |
|
Accounts payable |
12,300 increase |
Compute net cash provided by operating activities.