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

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

Reference no: EM13573202

Reference no: EM13573202

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