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Blue Spruce Corp had the following transactions during 2017 1 Issued $290000 of par value common stock for cash 2 Recorded and paid wages expense

Blue Spruce Corp had the following transactions during 2017:

1 Issued $290000 of par value common stock for cash

2 Recorded and paid wages expense of $139200

3 Acquired land by issuing common stock of par value $116000

4 Declared and paid a cash dividend of $23200

5 Sold a long-term investment (cost $6960) for cash of $6960

6 Recorded cash sales of $928000

7 Bought inventory for cash of $371200

8 Acquired an investment in Zynga stock for cash of $48720

9 Converted bonds payable to common stock in the amount of $1160000

10 Repaid a 6-year note payable in the amount of $510400

 

What is the net cash provided by operating activities?

Mar 23 2020 View more View Less

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