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
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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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