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B. Midwest Beverage Company reported the following items in the most recent year. Net income.... $80,000 Dividends paid.. .10,000 Increase in accounts receivable.. .20,000 Increase

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B. Midwest Beverage Company reported the following items in the most recent year. Net income.... $80,000 Dividends paid.. .10,000 Increase in accounts receivable.. .20,000 Increase in accounts payable.. .10,000 Purchase of equipment 16,000 Depreciation expenses ..8,000 Issue of note payable...... 40,000 Compute net cash provided by operating activities, the net change in cash during the year, and free cash flow

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