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What is the amount of cash provided by operating activities

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Question - 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 $35,000 at the end of the year. Accounts payable was $32,000 at the beginning of the year and $34,000 at the end of the year. Depreciation expense totaled $55,000 and dividends of $50,000 were paid during the year. Net income was $110,000. What is the amount of cash provided by operating activities?

Reference no: EM133153260

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