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

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	49		$	50
Accounts receivable		82			81
Inventory		61			59
Total current assets		192			190
Property, plant, and equipment		682			550
Less accumulated depreciation		257			290
Net property, plant, and equipment		425			260
Total assets	$	617		$	450
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	56		$	60
Accrued liabilities		33			32
Income taxes payable		61			65
Total current liabilities		150			157
Bonds payable		96			90
Total liabilities		246			247
Stockholders equity:
Common stock		71			70
Retained earnings		300			133
Total stockholders equity		371			203
Total liabilities and stockholders' equity	$	617		$	450

Income Statement
Sales	$	900
Cost of goods sold		526
Gross margin		374
Selling and administrative expense		124
Net operating income		250
Gain on sale of plant and equipment		31
Income before taxes		281
Income taxes		84
Net income	$	197

Cash dividends were $30. The company sold equipment for $57 that was originally purchased for $30 and that had accumulated depreciation of $4. The net cash provided by (used in) investing activities for the year was:

Multiple Choice

• $105

• $(162)

• $(105)

• $57