(Answered) Jon gezotis company reported the following items in 2014net

Finance

Jon Gezotis Company reported the following items in 2014:

Net income	$50,000
Dividends paid	6,000
Increase in accounts receivable	12,000
Increase in accounts payable	8,000
Purchase of equipment (capital expenditure)	9,000
Depreciation expense	3,500
Issue of notes payable	15,000

Required:

Calculate the following:

(1) net cash provided by operating activities,

(2) the net change in cash during 2014, and

(3) free cash flow.

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