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Hocking Corporation's comparative balance sheet appears below: Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $74,800 $32,700 Accounts receivable 27,600 34,400 Inventory

Hocking Corporation's comparative balance sheet appears below:

Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $74,800 $32,700
Accounts receivable 27,600 34,400
Inventory 70,600 69,400
Prepaid expenses 15,600

19,400

Total current assets 188,600

155,900

Property, plant and equipment 376,000 348,500
Loss accumulated depreciation 171,400

146,500

Net property, plant, and equipment 204,600

202,000

Total assets $393,200

$357,900

Liabilities and Stockholder's Equity:
Current liabilities:
Accounts payable $21,400 $16,200
Accrued liabilities 69,400 56,800
Income taxes payable 58,400

54,200

Total current liabilities 149,200 127,200
Bonds payable 86,200

88,200

Total liabilities 235,400

215,400

Stockholder's equity:
Common stock 36,300 30,000
Retained earnings 121,500

112,500

Total stockholder's equity 157,800

142,500

Total liabilities and stockholder's equity $393,200

357,900

The company's net income (loss) for the year was $11,900 and its cash dividends were $2,900. 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 operating activities is:

$68,200

$28,700

$69,400

$53,600

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