Answer:
d. $33,000
Explanation:
net cash provided (used in) by operating activities + net cash provided (used in) financing activities
net cash provided by operating activities
net income $5,000
adjustments to net income:
depreciation expense $29,000
decrease in accounts receivable $2,000
decrease in inventory $2,000
increase in taxes payable $4,000
decrease in accounts payable -$1,000
decrease in wages payable -$2,000
<u>decrease in notes payable -$3,000 </u>
net cash flow from operating cash flows $36,000
net cash provided by financing activities
issuance of common stock $1,000
<u>dividends paid -$4,000 </u>
net cash flow from financing activities -$3,000
items classified as uses = $36,000 - $3,000 = $33,000
