Hirshberg Corporation's comparative balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets:      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: 

A. $40,000
B. $48,000
C. $52,000
D. $18,000


Answer: B

Business

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