Midwest Beverage Company reported the following items in the most recent year:

(a) Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow.
Dividends paid are treated as financing activities.
(b) Assuming Midwest had 100,000 common shares outstanding for the entire year, calculate cash flow per share to be included in the financial statements if Midwest follows IFRS and chooses to disclose the ratio.
(c) How would your answer to part (b) change if Midwest follows ASPE?

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Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment Depreciation expense Issue of notes payable for cash $40,000 5,000 10,000 7,000 8,000 4,000 20,000