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Hocking Corporation's comparative balance sheet appearsbelow:

Ending
Balance
Beginning
Balance
Assets:
Current assets:
Cash and cash equivalents $74,800 $32,700
Accounts receivable 27,600 34,400
Inventory 70,600 69,400
Prepaid expenses 15,600 19,400
Total current assets 188,600 155,900
Property, plant and equipment 376,000 348,500
Loss accumulated depreciation 171,400 146,500
Netproperty, plant, and equipment 204,600 202,000
Total assets $393,200 $357,900
Liabilities and Stockholder's Equity:
Current liabilities:
Accounts payable $21,400 $16,200
Accrued liabilities 69,400 56,800
Income taxes payable 58,400 54,200
Total current liabilities 149,200 127,200
Bonds payable 86,200 88,200
Total liabilities 235,400 215,400
Stockholder's equity:
Common stock 36,300 30,000
Retained earnings 121,500 112,500
Total stockholder's equity 157,800 142,500
Total liabilities and stockholder's equity $393,200 357,900


The company's net income (loss) for the year was $11,900 and itscash dividends were $2,900. It did not sell or retire any property,plant, and equipment during the year. The company uses the indirectmethod to determine the net cash provided by operatingactivities.

The company's net cash provided by operating activities is:

$68,200

$28,700

$69,400

$53,600

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Jean Keeling
Jean KeelingLv2
28 Sep 2019

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