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The following information relates to the Walnut Company for 2019: Gain on sale of land $ 800 Bond payable premium amortization 300 Decrease in accounts
The following information relates to the Walnut Company for 2019:
Gain on sale of land | $ 800 |
Bond payable premium amortization | 300 |
Decrease in accounts payable | 700 |
Increase in prepaid expenses | 100 |
Net income | 9,400 |
Purchased equipment | 15,000 |
Increase in salaries payable | 400 |
Proceeds from sale of land | 7,000 |
Decrease in inventories | 2,100 |
Payment of dividends | 1,600 |
Depreciation expense | 1,000 |
Required: Compute net cash provided by operating activities for the Walnut Company for 2019.
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