Krech Corporation's comparative balance sheet appears below:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$ 44,000	$ 31,800
Accounts receivable	24,500	33,000
Inventory	84,000	75,500
Prepaid expenses	14,600	11,300
Total current assets	167,100	151,600
Property, plant, and equipment	530,000	510,000
Less accumulated depreciation	265,000	229,500
Net property, plant, and equipment	265,000	280,500
Total assets	$ 432,100	$ 432,100
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 33,900	$ 22,000
Accrued liabilities	65,000	85,500
Income taxes payable	99,500	101,500
Total current liabilities	198,400	209,000
Bonds payable	115,000	99,000
Total liabilities	313,400	308,000
Stockholders equity:
Common stock	54,000	39,000
Retained earnings	64,700	85,100
Total stockholders equity	118,700	124,100
Total liabilities and stockholders' equity	$ 432,100	$ 432,100

The company's net income (loss) for the year was $(10,200) and its cash dividends were $10,200. 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

$31,800

$40,300

$11,400

$15,100