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Alcoser Corporation's n's most recent balance sheet appears below Comparative Balance Sheet Ending Beginning Balance Balance Assets Cash and cash equivalents s 59 $ 30

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Alcoser Corporation's n's most recent balance sheet appears below Comparative Balance Sheet Ending Beginning Balance Balance Assets Cash and cash equivalents s 59 $ 30 Accounts receivable 42 45 Inventory 60 83 590 Property, plant, and equipment Less accumulated depreciation 513 226 215 525 $456 Total assets Liabilities and stockholders' equity: Accounts payable Accrued liabilities 5e 59 26 25 Income taxes payable Bonds payable 27 37 238 209 Common stock 84 78 Retained earnings 180 48 $525 456 Total liabilities and equity Net income for the year was $64. Cash dividends were $12. 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 t income for the year was $64. Cash dividends were $12 The company did not dispose of any property, plant, and equipment lt 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 O $55 O $63 o $101

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