Hocking Corporation's comparative balance sheet appears below:

Hocking Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$ 46,000	$ 26,000
Accounts receivable	21,400	26,000
Inventory	60,600	56,000
Prepaid expenses	14,400	16,000
Total current assets	142,400	124,000
Property, plant, and equipment	369,000	336,000
Less accumulated depreciation	177,000	142,000
Net property, plant, and equipment	192,000	194,000
Total assets	$334,400	$318,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$ 20,600	$ 17,000
Accrued liabilities	64,600	56,000
Income taxes payable	48,600	46,000
Total current liabilities	133,800	119,000
Bonds payable	63,500	76,000
Total liabilities	197,300	195,000
Stockholders' equity:
Common stock	33,400	37,000
Retained earnings	103,700	86,000
Total stockholders' equity	137,100	123,000
Total liabilities and stockholders' equity	$334,400	$318,000

The company's net income (loss) for the year was $19,900 and its cash dividends were $2,200. It did not sell or retire any property, plant, and equipment during the year.

The company's net cash used in investing activities is:

$68,000

$2,000

$33,000

$39,600