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TB MC Qu. 14.98 Krech Corporation's comparative ... Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance $ 53,000 29
TB MC Qu. 14.98 Krech Corporation's comparative ... Krech Corporation's comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance $ 53,000 29 , 102,000 16,400 200,400 638,000 319,000 319,000 $ 36,300 42,000 89, eee 12,200 179,500 618,000 278,100 339,900 $519,400 $519,400 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 $ 48,200 74,000 122,000 244,200 142,000 386,200 $ 31,000 108,000 124,000 263,000 117,000 380,000 72,000 61,200 133,200 $519,40 48,000 91,400 139,400 $519,400 The company's net income (loss) for the year was $(15,100) and its cash dividends were $15,100. 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 $10,700 O $46,000 $2,800 $33,000
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