Find what is amount of cash provided by operating activities

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Problem 1: Cambridge Corporation just completed its fiscal year ended February 28, 2021. The accounts receivable balance was $30,000 at the beginning of the year and $15,000 at the end of the year. Accounts payable was $42,000 at the beginning of the year and $34,000 at the end of the year. Depreciation expense totaled $50,000 and dividends of $50,000 were paid during the year. Net income was $160,000. What is the amount of cash provided by operating activities?

Reference no: EM132844186

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