(Solved) Hirshberg Corporation's comparative balance sheet appears below:Comparative Balance SheetEnding ...

Hirshberg Corporation's comparative balance sheet appears below:

	Ending Balance	Beginning Balance
Comparative Balance Sheet
Assets:
Current assets:
Cash and cash equivalents	$ 42,000	$ 31,000
Accounts receivable	22,000	18,000
Inventory	66,000	70,000
Total current assets	130,000	119,000
Property, plant, and equipment	401,000	377,000
Less accumulated depreciation	207,000	177,000
Net property, plant, and equipment	194,000	200,000
Total assets	$ 324,000	$ 319,000
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 15,000	$ 17,000
Accrued liabilities	45,000	38,000
Income taxes payable	53,000	51,000
Total current liabilities	113,000	106,000
Bonds payable	83,000	91,000
Total liabilities	196,000	197,000
Stockholders’ equity:
Common stock	27,000	28,000
Retained earnings	101,000	94,000
Total stockholders’ equity	128,000	122,000
Total liabilities and stockholders' equity	$ 324,000	$ 319,000

The company's net income for the year was $11,000 and its cash dividends were $4,000. It did not sell or retire any property, plant, and equipment during the year.

The company's net cash provided by (used in) operating activities is:

▸

$48,000

▸

$18,000

▸

$40,000

▸

$52,000

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Hirshberg Corporation's comparative balance sheet appears below:Comparative Balance SheetEnding ...

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