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Stone Retail Corporation's most recent comparative Balance Sheet is as follows: Assets Ending Beginning Cash $51,000 $64,000 Accounts receivable 83,000 41,000 Inventory 96,000 87,000 Property,

Stone Retail Corporation's most recent comparative Balance Sheet is as follows:

Assets Ending Beginning
Cash $51,000 $64,000
Accounts receivable 83,000 41,000
Inventory 96,000 87,000
Property, plant, and equipment 120,000 120,000
Less accumulated depreciation 65,000 50,000
Total assets $285,000 $262,000
Liabilities and Stockholders' Equity
Accounts payable $12,000 $38,000
Income taxes payable 1,000 3,000
Bonds payable 30,000 5,000
Common stock 100,000 80,000
Retained earnings 142,000 136,000
Total liabilities and stockholders' equity $285,000 $262,000

Stone's net income was $46,000. No equipment was sold or purchased. Cash dividends of $40,000 were declared and paid. Stone uses the indirect method to prepare its statement of cash flows. What is Stone's net cash provided (used) by operating activities?

($33,000)

($18,000)

$84,000

$69,000

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