Brief Exercise 5-12

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

Net income$43,800

Dividends paid6,760

Increase in accounts receivable11,930

Increase in accounts payable7,670

Purchase of equipment (capital expenditure)

8,410Depreciation expense4,670

Issue of notes payable21,530

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).)