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The following information is for GameStop company: Net income: $60,000 Provision for bad debts: $2,000 Increase in inventory: $1,000 Increase in accounts payable: $2,000 Utilities
The following information is for GameStop company: Net income: $60,000 Provision for bad debts: $2,000 Increase in inventory: $1,000 Increase in accounts payable: $2,000 Utilities paid in cash: $9,800 Purchase of new equipment: $15,000 Sale of equipment for $10,000 gain: $20,000 Depreciation: $3,000 Repurchase of common stocks: $10,000 Issuance of new bonds: $5,700 Dividend payments: $3,000 What is the change in cash?
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