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Swifty Corporation had the following transactions during 2025: 1. Issued $280000 of par value common stock for cash. 2. Recorded and paid salaries and wages
Swifty Corporation had the following transactions during 2025: 1. Issued $280000 of par value common stock for cash. 2. Recorded and paid salaries and wages expense of $113500. 3. Acquired land by issuing common stock valued at $100000. 4. Declared and paid a cash dividend of $21300. 5. Sold land (cost $6000 ) for cash of $6000. 6. Recorded cash sales of $760000. 7. Bought inventory for cash of $324000. 8. Acquired equipment for cash of $40300. 9. Converted bonds payable to common stock in the amount of $1000000. 10. Repaid a 6-year note payable in the amount of $453000. What is the net cash provided by operating activities? $536000. $587000. $322500. $436000. Blue Service Company's net income for 2025 was $293500. At the end of the year, the company's accounts receivable balance was $23300 higher than at the beginning of the year. The accounts payable balance was $14700 lower than at the beginning of the year and the company reported depreciation expense of $45000. Net cash provided by operating activities for the year is $261600$293500$286500$300500
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