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8 December, 01:51

During 2019 the Barker Company had a net income of $75,000. Below is information taken from Barker's last two balance sheets: 2018 2019 Accounts Receivable (all current) 51,000 54,000 Long-term Accounts Receivable 10,000 0 Accounts Payable (all current) 3,000 4,000 Land 100,000 96,000 Equipment 50,000 50,000 Accumulated Depreciation, Equipment 3,500 5,000 Common Stock 4,200 12,200 Additional information for 2019: 1. Long-term notes receivable related to a loan Barker made to another business entity in the amount of $10,000 were paid back in cash before maturity. 2. Barker sold a piece of land at a $500 gain. No other land was purchased during the period. 3. Dividends in the amount of $2,000 were paid during the year. What was the amount of cash provided by operating activities for 2019?

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