Hocking Corporation's comparative balance sheet appears below: Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $72,200 $32,200 Accounts receivable 27,000 33,500 Inventory 70,000 68,500 Prepaid expenses 15,000 18,500 Total current assets 184,200 152,700 Property, plant and equipment 374,000 347,500 Loss accumulated depreciation 170,200 145,500 Net property, plant, and equipment 203,800 202,000 Total assets $388,000 $354,700 Liabilities and Stockholder's Equity: Current liabilities: Accounts payable $20,500 $15,600 Accrued liabilities 68,500 56,400 Income taxes payable 57,500 53,600 Total current liabilities 146,500 125,600 Bonds payable 85,600 87,600 Total liabilities 232,100 213,200 Stockholder's equity: Common stock 35,400 30,000 Retained earnings 120,500 111,500 Total stockholder's equity 155,900 141,500 Total liabilities and stockholder's equity $388,000 $354,700 The company's net income (loss) for the year was $11,700 and its cash dividends were $2,700. 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 used in investing activities is: $52,400 $26,500 $28,200 $67,300