QUESTION 12 Hocking Corporation's comparative balance sheet appears below Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents. $ 49,000 $ 26,000 Accounts receivable Inventory. Prepaid expenses. Total current assets. 22,000 26,000 65,000 61,000 10.000 11.000 146,000 124,000 Property, plant, and equipment.. 357,000 339,000 Less accumulated depreciation.. 160.000 137,000 Net property, plant, and equipment.. 197,000 202,000 Total assets. $343,000 $326.000 Liabilities and Stockholders' Equity: Current liabilities:: Accounts payable $13,000 $10,000 Accrued liabilities. Income taxes payable. Total current liabilities. Bonds payable Total liabilities. Stockholders' equity: 61.000 50,000 53,000 48,000 124,000 111,000 80,000 82,000 204,000 193,000 Common stock... 27,000 30,000 Retained earnings. 112,000 103,000 Total stockholders' equity. 139,000 133,000 Total liabilities and stockholders' equity $343.000 $326.000 The company's net income (loss) for the year was $10,000 and its cash dividends were $1,000, 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 547,000 $51.000 $43,000 $24,000