Reference no: EM132797327
The following information is available for Redcands Company:
Receipts from customers 5215,000
Dividends from stock investments 3,000
Proceeds from sale of equipment 18,000
Proceeds from issuance of stock 90,000
Payments for inventory 100,000
Payments for operating expenses 78,000
Interest paid 6.000 Taxes paid 4,000
Dividends paid 20,000
Problem 1: Based on the preceding information, compute the net cash provided by operating activities.