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?Autry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet ? Ending Balance Beginning Balance Assets: ? ? Current assets: ? ? Cash

?Autry Corporation's balance sheet and income statement appear below:
Comparative Balance Sheet
?
Ending Balance
Beginning Balance
Assets:
?
?
Current assets:
?
?
Cash and cash equivalents
$ 47
$ 48
Accounts receivable
80
79
Inventory
59
57
Total current assets
186
184
Property, plant, and equipment
662
540
Less accumulated depreciation
253
286
Net property, plant, and equipment
409
254
Total assets
$ 595
$ 438
Liabilities and shareholders' equity:
?
?
Current liabilities:
?
?
Accounts payable
$ 54
$ 58
Accrued liabilities
31
30
Income taxes payable
59
63
Total current liabilities
144
151
Bonds payable
86
80
Total liabilities
230
231
Shareholders ?equity:
?
?
Common shares
61
60
Retained earnings
304
147
Total shareholders ?equity
365
207
Total liabilities and shareholders' equity
$ 595
$ 438
Income Statement
Sales
$ 880
Cost of goods sold
516
Gross margin
364
Selling and administrative expense
127
Net operating income
237
Gain on sale of plant and equipment
27
Income before taxes
264
Income taxes
79
Net income
$ 185
Cash dividends were $28. ?The company sold equipment for $53 ?that was originally purchased for $28 ?and that had accumulated depreciation of $2. ?The net cash provided by (used in) ?investing activities for the year was:
$(150)
$53
$97
$(97)

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