Krech Corporation's comparative balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	56,000		$	36,800
Accounts receivable		30,500			46,000
Inventory		108,000			93,500
Prepaid expenses		17,000			12,500
Total current assets		211,500			188,800
Property, plant, and equipment		674,000			654,000
Less accumulated depreciation		337,000			294,300
Net property, plant, and equipment		337,000			359,700
Total assets	$	548,500		$	548,500
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	53,100		$	34,000
Accrued liabilities		77,000			115,500
Income taxes payable		129,500			131,500
Total current liabilities		259,600			281,000
Bonds payable		151,000			123,000
Total liabilities		410,600			404,000
Stockholders equity:
Common stock		78,000			51,000
Retained earnings		59,900			93,500
Total stockholders equity		137,900			144,500
Total liabilities and stockholders' equity	$	548,500		$	548,500

The company's net income (loss) for the year was $(16,800) and its cash dividends were $16,800. 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 (used in) operating activities is:

Garrison 16e Rechecks 2017-11-21

Multiple Choice

$1,000

$50,100

$34,600

$9,100