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Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance $ 38,000 21,500 72,000 13,400 144,900 458,000 229,000 229,000 $373,900 $
Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance $ 38,000 21,500 72,000 13,400 144,900 458,000 229,000 229,000 $373,900 $ 28,800 27,000 66,500 10,700 133,000 438,000 197, 100 240,900 $373,900 Assets: Current assets: 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 $ 24,300 59,000 84,500 167,800 97,000 264,800 $ 16,000 70,500 86,500 173,000 87,000 260,000 42,000 67,100 109,100 $373,900 33,000 80,900 113,900 $373,900 The company's net income (loss) for the year was $(6,900) and its cash dividends were $6,900. 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 $30,900 O $17,100 O $18,100 $36,400 O
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