Question - Kingbird Beverage Company reported the following items in the most recent year.
Net income $40,300
Dividends paid 6,520
Increase in accounts receivable 10,330
Increase in accounts payable7,270
Purchase of equipment (capital expenditure) 8,360
Depreciation expense 4,270
Issue of notes payable23,200
Compute net cash provided by operating activities, the net change in cash during the year?