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The companys net income loss for the year was 11300 and its

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Reference no: EM13573202

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?

Reference no: EM13573202

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