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9. The following information relates to the Maxwell Company for 2016: Gain on sale of land...

9. The following information relates to the Maxwell Company for 2016:

Gain on sale of land                                                                    $ 800

Bond payable premium amortization                                     300

Decrease in accounts payable                                                  700

Increase in prepaid expenses                                                   100

Net income                                                                                   9,400

Purchased equipment                                                                15,000

Increase in salaries payable                                                      400

Proceeds from sale of land                                                       7,000

Decrease in inventories                                                             2,100

Payment of dividends                                                                 1,600

Depreciation expense                                                                 1,000

Required: Compute net cash provided by operating activities for the Maxwell Company for 2016.

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