Autry Corporation's balance sheet and income statement appear below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	37		$	38
Accounts receivable		70			69
Inventory		49			47
Total current assets		156			154
Property, plant, and equipment		562			490
Less accumulated depreciation		233			266
Net property, plant, and equipment		329			224
Total assets	$	485		$	378
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	44		$	48
Accrued liabilities		21			20
Income taxes payable		49			53
Total current liabilities		114			121
Bonds payable		86			80
Total liabilities		200			201
Stockholders equity:
Common stock		61			60
Retained earnings		224			117
Total stockholders equity		285			177
Total liabilities and stockholders' equity	$	485		$	378

Income Statement
Sales	$	780
Cost of goods sold		466
Gross margin		314
Selling and administrative expense		161
Net operating income		153
Gain on sale of plant and equipment		25
Income before taxes		178
Income taxes		53
Net income	$	125

Cash dividends were $18. The company sold equipment for $33 that was originally purchased for $18 and that had accumulated depreciation of $10. The net cash provided by (used in) investing activities for the year was:

Multiple Choice

• $(90)

• $33

• $(57)

• $57