Question

5) MC Qu. 67 Swinger Corporations comparative ...

Swinger Corporation's comparative balance sheet appears below:

	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$47,000	$31,000
Accounts receivable	23,000	22,000
Inventory	66,000	64,000
Total current assets	136,000	117,000
Property, plant, and equipment	356,000	338,000
Less accumulated depreciation	184,000	161,000
Net property, plant, and equipment	172,000	177,000
Total assets	$308,000	$294,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$17,000	$16,000
Accrued liabilities	43,000	44,000
Income taxes payable	63,000	61,000
Total current liabilities	123,000	121,000
Bonds payable	83,000	80,000
Total liabilities	206,000	201,000
Stockholders' equity:
Common stock	27,000	24,000
Retained earnings	75,000	69,000
Total stockholders' equity	102,000	93,000
Total liabilities and stockholders' equity	$308,000	$294,000

The company did not dispose of any property, plant, and equipment during the year. Its net income for the year was $10,000. The net cash provided by operating activities is:

A)$36,000

B)$32,000

C)$28,000

D)$34,000