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Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents $ 45,000 $ 32,300 Accounts receivable 25,000 86,000 34,000 77,000 Inventory
Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents $ 45,000 $ 32,300 Accounts receivable 25,000 86,000 34,000 77,000 Inventory 11,400 Prepaid expenses 14,800 Total current assets 170,800 154,700 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: 35,400 $ 23,000 Accounts payable Accruedliabilities 66,000 88,000 102,000 104,000 Income taxes payable Total current liabilities 203,400 215,000 Bonds payable 118,000 101,000 Total liabilities 321,400 316,000 Stockholders' equity: Common stock 56,000 40,000 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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