Hocking Corporation's comparative balance sheet appears below:

Hocking Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$64,000	$44,000
Accounts receivable	37,600	44,000
Inventory	80,400	74,000
Total current assets	182,000	162,000
Property, plant, and equipment	360,000	354,000
Less accumulated depreciation	210,000	178,000
Net property, plant, and equipment	150,000	176,000
Total assets	$332,000	$338,000
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$40,400	$35,000
Accrued liabilities	85,300	74,000
Income taxes payable	68,400	64,000
Total current liabilities	194,100	173,000
Bonds payable	66,000	94,000
Total liabilities	260,100	267,000
Stockholders' equity:
Common stock	51,600	55,000
Retained earnings	20,300	16,000
Total stockholders' equity	71,900	71,000
Total liabilities and stockholders' equity	$332,000	$338,000

The company's net income (loss) for the year was $11,600 and its cash dividends were $7,300. It did not sell or retire any property, plant, and equipment during the year.

The company's net cash used in investing activities is:

rev: 02_23_2016_QC_CS-43371

$6,000

$38,000

$26,000

$38,400