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Krech Corporation's comparative balance sheet appears below: Krech Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $37,000 $28,300

Krech Corporation's comparative balance sheet appears below:

Krech Corporation Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $37,000 $28,300
Accounts receivable 21,000 26,000
Inventory 70,000 65,000
Prepaid expenses

13,200

10,600

Total current assets

141,200

129,900

Property, plant, and equipment 446,000 426,000
Less accumulated depreciation

223,000

191,700

Net property, plant, and equipment

223,000

234,300

Total assets

$364,200

$364,200

Liabilities and stockholders' equity
Current liabilities:
Accounts payable $22,600 $15,000
Accrued liabilities 58,000 68,000
Income taxes payable

82,000

84,000

Total current liabilities 162,600 167,000
Bonds payable

94,000

85,000

Total liabilities

256,600

252,000

Stockholders' equity:
Common stock 40,000 32,000
Retained earnings

67,600

80,200

Total stockholders' equity

107,600

112,200

Total liabilities and stockholders' equity

$364,200

$364,200

The company's net income (loss) for the year was $(6,300) and its cash dividends were $6,300. 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 operating activities is:

$18,000

$35,600

$30,600

$18,700

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