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Compute the net cash provided by operating activities

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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.

Reference no: EM132797327

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