Exercise 174

The following information is available for Redcands Company:

Receipts from customers

$215,000Dividends from stock investments

3,000Proceeds from sale of equipment

18,000Proceeds from issuance of stock

90,000Payments for inventory

100,000Payments for operating expenses

78,000Interest paid

6,000Taxes paid

4,000Dividends paid

20,000

Based on the preceding information, compute the net cash provided by operating activities.

Net cash provided by operating activities ???