Hocking Corporation's comparative balance sheet appears below:
|
Ending
Balance |
Beginning
Balance |
| Assets: |
|
|
| Current assets: |
|
|
| Cash and cash equivalents |
$66,500 |
$30,600 |
| Accounts receivable |
25,800 |
31,700 |
| Inventory |
68,800 |
66,700 |
| Prepaid expenses |
13,800 |
16,700 |
| Total current assets |
174,900 |
145,700 |
| Property, plant and equipment |
370,000 |
345,500 |
| Loss accumulated depreciation |
167,800 |
143,500 |
| Net property, plant, and equipment |
202,200 |
202,000 |
| Total assets |
$377,100 |
$347,700 |
|
|
|
| Liabilities and Stockholder's Equity: |
|
|
| Current liabilities: |
|
|
| Accounts payable |
$18,700 |
$14,200 |
| Accrued liabilities |
66,700 |
55,600 |
| Income taxes payable |
55,700 |
52,200 |
| Total current liabilities |
141,100 |
122,000 |
| Bonds payable |
84,200 |
86,200 |
| Total liabilities |
225,300 |
208,200 |
| Stockholder's equity: |
|
|
| Common stock |
33,300 |
30,000 |
| Retained earnings |
118,500 |
109,500 |
| Total stockholder's equity |
151,800 |
139,500 |
| Total liabilities and stockholder's equity |
$377,100 |
347,700 |
The company's net income (loss) for the year was $11,300 and its cash dividends were $2,300. 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?