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Alcoser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 75 $ 36 Accounts

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 75 $ 36
Accounts receivable 48 51
Inventory 68 95
Property, plant, and equipment 614 531
Less accumulated depreciation 238 221
Total assets $ 567 $ 492
Liabilities and stockholders' equity:
Accounts payable $ 56 $ 65
Accrued liabilities 32 31
Income taxes payable 27 43
Bonds payable 244 215
Common stock 90 84
Retained earnings 118 54
Total liabilities and equity $ 567 $ 492

Net income for the year was $82. Cash dividends were $18. 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

  • $73

  • ($23)

  • $129

  • $105

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