Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Cash and cash equivalents	$	39		$	24
Accounts receivable		36			39
Inventory		56			71
Property, plant, and equipment		566			495
Less accumulated depreciation		214			209
Total assets	$	483		$	420
Liabilities and stockholders' equity:
Accounts payable	$	44		$	53
Accrued liabilities		20			19
Income taxes payable		27			31
Bonds payable		232			203
Common stock		78			72
Retained earnings		82			42
Total liabilities and equity	$	483		$	420

Net income for the year was $46. Cash dividends were $6. 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 questions pertain to the company's statement of cash flows.

The net cash provided by (used in) operating activities for the year was:

Multiple Choice

$57

$69

$37

$11