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Kahn company is a merchandiser that reported net income of

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Kahn Company is a merchandiser that reported net income of $74,000. Additional information follows:

  Decrease in accounts receivable $2,000   
  Increase in prepaid expenses $3,500   
  Depreciation expense $7,500   
  Increase in accounts payable $4,600   
  Decrease in taxes payable $4,000   
  Dividends paid to common stockholders $15,000   

Based on this information, under the indirect method the cash provided by operating activities on the statement of cash flows would be:

Reference no: EM13589223

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