Morgan Company reported the following items in 2013:

Net income $50,000

Dividends paid 6,000

Increase in accounts receivable 12,000

Increase in accounts payable 8,000

Purchase of equipment (capital expenditure) 9,000

Depreciation expense 3,500

Issue of notes payable 15,000

Required: Calculate the following:

(1) net cash provided by operating activities,

(2) the net change in cash during 2013, and

(3) free cash flow.