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What is the net cash provided by operating activities

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Reference no: EM133174403

Question - Cathy Company had the following transactions during 2021:

1. Issued $250,000 of common stock for cash

2. Recorded and paid wage expense of $120,000

3. Declared and paid a cash dividend of $20,000

4. Recorded cash sales of $800,000

5. Bought inventory for cash of $320,000

6. Acquired stock in Jordan Corporation for cash of $42,000

7. Repaid a 6-year note payable in the amount of $440,000

8. Paid cash of $10,000 for interest accumulated on debt

Required - What is the net cash provided by operating activities?

Reference no: EM133174403

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