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Waldrop Corporation's comparative balance sheet appears below: Ending Balance Beginning Balance Asset: Current assets: Cash and cash equivalents $53,700 $38,800 Accounts receivable 16,400 19,900 Inventory
Waldrop Corporation's comparative balance sheet appears below: Ending Balance Beginning Balance Asset: Current assets: Cash and cash equivalents $53,700 $38,800 Accounts receivable 16,400 19,900 Inventory 71,400 74,900 Total current assets 141,500 133,600 Property, plant and equipment 356,000 329,000 Less accumulated depreciation 222,000 192,500 Net property, plant, and equipment 134,000 136,500 Total assets $275,500 $270,100 Liabilities and stockholders' equity: Current liabilities: Accounts payable $11,900 $10,400 Accrued liabilities 62,100 57,400 Income taxes payable 62,500 64,000 Total current liabilities 136,500 131,800 Bonds payable 81,400 84,100 Total liabilities 217,900 215,900 Stockholders' equity: Common stock 41,000 43,000 Retained earnings 16,600 11,200 Total stockholders' equity 57,600 54,200 Total liabilities and stockholders' equity $275,500 $270,100 The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $5,400. The net cash provided by operating activities is
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