Hocking Corporation's comparative balance sheet appears below:

Hocking Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$53,000	$36,300
Accounts receivable	29,000	42,000
Inventory	102,000	89,000
Prepaid expenses	16,400	12,200
Total current assets	200,400	179,500
Property, plant, and equipment	638,000	618,000
Less accumulated depreciation	319,000	278,100
Net property, plant, and equipment	319,000	339,900
Total assets	$519,400	$519,400
Liabilities and stockholders' equity
Current liabilities:
Accounts payable	$48,200	$31,000
Accrued liabilities	74,000	108,000
Income taxes payable	122,000	124,000
Total current liabilities	244,200	263,000
Bonds payable	142,000	117,000
Total liabilities	386,200	380,000
Stockholders' equity:
Common stock	72,000	48,000
Retained earnings	61,200	91,400
Total stockholders' equity	133,200	139,400
Total liabilities and stockholders' equity	$519,400	$519,400

The company's net income (loss) for the year was $(15,100) and its cash dividends were $15,100. 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:

$10,700

$2,800

$46,000

$33,000