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Comparative Balance Sheet Beginning Ending Balance Balance Assets: Current assets: Cash and cash equivalents $ 45,000 $ 32,300 25,000 86,000 34,000 77,000 Accounts receivable Inventory
Comparative Balance Sheet Beginning Ending Balance Balance Assets: Current assets: Cash and cash equivalents $ 45,000 $ 32,300 25,000 86,000 34,000 77,000 Accounts receivable Inventory Prepaid expenses 14,800 11,400 170,800 Total current assets 154,700 Property, plant, and equipment Less accumulated depreciation 522,000 542,000 271,000 234,900 Net property, plant, and equipment 271,000 287,100 $441,800 $441,800 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 35,400 $ 23,000 Accruedliabilities 88,000 66,000 Income taxes payable 102,000 104,000 Total current liabilities 203,400 215,000 118,000 101,000 Bonds payable Total liabilities 321,400 316,000 Stockholders' equity: Common stock 40,000 56,000 Retained earnings 64,400 85,800 Total stockholders' equity 120,400 125,800 $441,800 $441,800 Total liabilities and stockholders' equity The company's net income (loss) for the year was $10,700) and its cash dividends were $10,700. It did not sell or retire any property, plant, and equipment during the year. The company uses the indirect method to determine the net cash provided by operating activities. The company's net cash provided by (used in) operating activities is
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