Krech Corporation's comparative balance sheet appears below. Assets: Current assets: Comparative Balance Sheet Ending Beginning Balance Balance Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $31,000 $ 28,000 18,000 20,000 58,000 56,000 12,000 10,000 119,000 114,000 374,000 354,000 190,000 165,000 184,000 189,000 $ 303,000 $303,000 $13,000 $9,000 52,000 53,000 67,000 69,000 132,000 131,000 76,000 73,000 200,000 204,000 28,000 25,000 67,000 73,000 95,000 99,000 $303,000 $103,000 The company's net income fos) for the year was ($3.000 and cash dividends were $3.000. It did not sell or refere any property, plant, and equipment during the year. The compan uses the indirect method to determine the net cash provided by operating activities Which of the following is correct regarding the operating activities section of the statement of cash flows?