Brief Exercise 5-12

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Keyser Beverage Company reported the following items in the most recent year.

Net income	$40,560
Dividends paid	6,340
Increase in accounts receivable	11,070
Increase in accounts payable	7,150
Purchase of equipment (capital expenditure)	9,380
Depreciation expense	6,150
Issue of notes payable	24,110

Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

Keyser Beverage Company Statement of Cash Flows

	$

$

$

Compute free cash flow.

Free Cash Flow

$