Assets:
Current assets:
Cash and cash equivalents	$ 42	$ 43
Accounts receivable	75	74
Inventory	54	52
Total current assets	171	169
Property, plant, and equipment	612	515
Less accumulated depreciation	243	276
Net property, plant, and equipment	369	239
Total assets	$ 540	$ 408
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 49	$ 53
Accrued liabilities	26	25
Income taxes payable	54	58
Total current liabilities	129	136
Bonds payable	61	55
Total liabilities	190	191
Stockholders equity:
Common stock	36	35
Retained earnings	314	182
Total stockholders equity	350	217
Total liabilities and stockholders' equity	$ 540

Sales $ 830 Cost of goods sold 491 Gross margin 339 Selling and administrative expense 142 Net operating income 197 Gain on sale of plant and equipment 25 Income before taxes 222 Income taxes 67 Net income $ 155 Cash dividends were $23. The company sold equipment for $43 that was originally purchased for $23 and that had accumulated depreciation of $5. The net cash provided by (used in) investing activities for the year was: $(77) $43 $(120) $77