Alcoser Corporation's most recent balance sheet appears below: Alcoser Corporation Comparative Balance Sheet Ending Balance

Beginning Balance Assets: Cash and cash equivalents $79 $37 Accounts receivable 49 52 Inventory 69 97 Property, plant and equipment 618 534 Less: accumulated depreciation 240 222 Total assets $575 $498 Liabilities and stockholders' equity: Accounts payable $57 $66 Accrued liabilities 33 32 Income taxes payable 28 44 Bonds payable 245 216 Common stock 91 85 Retained earnings 121 55 Total liabilities and stockholders' equity $575 $498

Net income for the year was $85. Cash dividends were $19. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following question pertain to the company's statement of cash flows. The net cash provided by (used in) operating activities for the year was: $25 $110 $76 $134