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

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$ 48	$ 49
Accounts receivable	81	80
Inventory	60	58
Total current assets	189	187
Property, plant, and equipment	672	545
Less accumulated depreciation	255	288
Net property, plant, and equipment	417	257
Total assets	$ 606	$ 444
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 55	$ 59
Accrued liabilities	32	31
Income taxes payable	60	64
Total current liabilities	147	154
Bonds payable	91	85
Total liabilities	238	239
Stockholders equity:
Common stock	66	65
Retained earnings	302	140
Total stockholders equity	368	205
Total liabilities and stockholders' equity	$ 606	$ 444

Income Statement
Sales	$ 890
Cost of goods sold	521
Gross margin	369
Selling and administrative expense	125
Net operating income	244
Gain on sale of plant and equipment	29
Income before taxes	273
Income taxes	82
Net income	$ 191

Cash dividends were $29. The company sold equipment for $55 that was originally purchased for $29 and that had accumulated depreciation of $3. The net cash provided by (used in) investing activities for the year was:

Multiple Choice

$(156)

$(101)

$55

$101