Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 63	$ 32
Accounts receivable	44	47
Inventory	64	87
Property, plant, and equipment	598	519
Less accumulated depreciation	230	217
Total assets	$ 539	$ 468
Liabilities and stockholders' equity:
Accounts payable	$ 52	$ 61
Accrued liabilities	28	27
Income taxes payable	27	39
Bonds payable	240	211
Common stock	86	80
Retained earnings	106	50
Total liabilities and equity	$ 539	$ 468

Net income for the year was $70. Cash dividends were $14. 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

• $61

• $109

• $89

• ($19)