Question

Krech Corporation's comparative balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	32,000		$	25,800
Accounts receivable		18,500			21,000
Inventory		60,000			57,500
Prepaid expenses		12,200			10,100
Total current assets		122,700			114,400
Property, plant, and equipment		386,000			366,000
Less accumulated depreciation		193,000			164,700
Net property, plant, and equipment		193,000			201,300
Total assets	$	315,700		$	315,700
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	14,700		$	10,000
Accrued liabilities		53,000			55,500
Income taxes payable		69,500			71,500
Total current liabilities		137,200			137,000
Bonds payable		79,000			75,000
Total liabilities		216,200			212,000
Stockholders’ equity:
Common stock		30,000			27,000
Retained earnings		69,500			76,700
Total stockholders’ equity		99,500			103,700
Total liabilities and stockholders' equity	$	315,700		$	315,700

The company's net income (loss) for the year was $(3,600) and its cash dividends were $3,600. 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:

Answer 1