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