Pharoah Beverage Company reported the following items in the most recent year.
Net income
Dividends paid
Increase in accounts receivable
$40,800
5,760
13,850
Increase in accounts payable
8,860
Purchase of equipment (capital expenditure)
9,110
Depreciation expense
5,860
Issue of notes payable
24,860
Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000))
PHAROAH BEVERAGE COMPANY
Statement of Cash Flows
+
Adjustments to reconcile net income to
+
+
$
+
+
+
+
+
+
+
$
$
Compute free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000))
Free cash flow
$