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QUESTION
Kingbird Beverage Company reported the following items in the most recent year.
Kingbird Beverage Company reported the following items in the most recent year.
Net income$40,300Dividends paid6,520Increase in accounts receivable10,330Increase in accounts payable7,270Purchase of equipment (capital expenditure)8,360Depreciation expense4,270Issue of notes payable23,200
Compute net cash provided by operating activities, the net change in cash during the year
