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Barton and Williams Company reported the following items in 2015:
Net income
$50,000
Dividends paid
5,000
Decrease in accounts receivable
12,000
Decrease in accounts payable
8,000
Purchase of equipment (capital expenditure)
9,000
Depreciation expense
3,500
Issue of notes payable
15,000
Required: Show all your calculations to derive the following answers. (You don't need to show in report format.)
1. Net cash provided by operating activities2. The net change in cash during 20153. Free cash flow
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