Krech Corporation's comparative balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	34,000		$	26,800
Accounts receivable		19,500			23,000
Inventory		64,000			60,500
Prepaid expenses		12,600			10,300
Total current assets		130,100			120,600
Property, plant, and equipment		410,000			390,000
Less accumulated depreciation		205,000			175,500
Net property, plant, and equipment		205,000			214,500
Total assets	$	335,100		$	335,100
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	17,900		$	12,000
Accrued liabilities		55,000			60,500
Income taxes payable		74,500			76,500
Total current liabilities		147,400			149,000
Bonds payable		85,000			79,000
Total liabilities		232,400			228,000
Stockholders equity:
Common stock		34,000			29,000
Retained earnings		68,700			78,100
Total stockholders equity		102,700			107,100
Total liabilities and stockholders' equity	$	335,100		$	335,100

The company's net income (loss) for the year was $(4,700) and its cash dividends were $4,700. 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:

Multiple Choice

$30,300

$20,100

$33,800

$20,900