Kahn company is a merchandiser that reported net income of

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Kahn Company is a merchandiser that reported net income of $74,000. Additional information follows:

Decrease in accounts receivable	$2,000
Increase in prepaid expenses	$3,500
Depreciation expense	$7,500
Increase in accounts payable	$4,600
Decrease in taxes payable	$4,000
Dividends paid to common stockholders	$15,000

Based on this information, under the indirect method the cash provided by operating activities on the statement of cash flows would be:

Reference no: EM13589223

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