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Question Content Area
The following information relates to the Maxwell Company for 2020:
Gain on sale of land | $800 |
Bond payable premium amortization | 300 |
Decrease in accounts payable | 700 |
Increase in prepaid expenses | 100 |
Net income | 9,400 |
Purchased equipment | 15,000 |
Increase in salaries payable | 400 |
Proceeds from sale of land | 7,000 |
Decrease in inventories | 2,100 |
Payment of dividends | 1,600 |
1,000 |
Required:
Compute net cash provided by operating activities for the Maxwell Company for 2020.
Net cash provided by operating activities
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