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Swinger Corporation's comparative balance sheet appears below. Beginning Balance Comparative Balance Sheet Ending Balance Assets: Current assets: Cash and cash equivalents $ 47,000 Accounts receivable

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Swinger Corporation's comparative balance sheet appears below. Beginning Balance Comparative Balance Sheet Ending Balance Assets: Current assets: Cash and cash equivalents $ 47,000 Accounts receivable 23,000 Inventory 66,000 Total current assets 136,000 Property, plant, and equipment 356,000 Less accumulated depreciation 184,000 Net property, plant, and equipment 172,000 Total assets $388,000 Liabilities and stockholders' equity: Current liabilities: Accounts payable $ 17,00 Accrued liabilities 43, eee Income taxes payable 63,000 Total current liabilities 123,000 Bonds payable 83,000 Total liabilities 206,00 Stockholders' equity: Comon stock 27,000 Retained earnings 75,00 Total stockholders' equity 102,000 Total liabilities and stockholders' equity $308,000 $ 31,000 22,000 64,000 117,000 338,000 161,000 177,000 $ 294,000 $ 16,000 44,eee 61,000 121,000 80,000 2010 24,000 69,000 93,000 $ 294,000 The company did not dispose of any property, plant, and equipment during the year is net income for the year was $10,000. The net cash provided by used in operating activities is Multiple Choice

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