In: Accounting
The following information is available for Snider
Company:
Receipts from customers
$190,000
Dividends from stock investments
3,000
Proceeds from sale of equipment
18,000
Proceeds from issuance of stock
90,000
Payments for goods
100,000
Payments for operating expenses
75,000
Interest paid
5,000
Taxes paid
4,000
Dividends paid
20,000
Instructions
Based on the preceding information, compute the net cash provided
by operating activities.