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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 $ 33 $ 28 Accounts

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 33 $ 28
Accounts receivable 34 37
Inventory 54 67
Property, plant, and equipment 558 483
Less accumulated depreciation 210 207
Total assets $ 469 $ 408
Liabilities and stockholders' equity:
Accounts payable $ 42 $ 51
Accrued liabilities 18 17
Income taxes payable 27 29
Bonds payable 230 201
Common stock 76 70
Retained earnings 76 40
Total liabilities and equity $ 469 $ 408

Net income for the year was $40. Cash dividends were $4. 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:

A: $49

B: ($9)

C: $59

D: $31

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