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

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$ 51	$ 52
Accounts receivable	84	83
Inventory	63	61
Total current assets	198	196
Property, plant, and equipment	702	560
Less accumulated depreciation	261	294
Net property, plant, and equipment	441	266
Total assets	$ 639	$ 462
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 58	$ 62
Accrued liabilities	35	34
Income taxes payable	63	67
Total current liabilities	156	163
Bonds payable	71	65
Total liabilities	227	228
Stockholders equity:
Common stock	46	45
Retained earnings	366	189
Total stockholders equity	412	234
Total liabilities and stockholders' equity	$ 639	$ 462

Income Statement
Sales	$ 920
Cost of goods sold	536
Gross margin	384
Selling and administrative expense	121
Net operating income	263
Gain on sale of plant and equipment	35
Income before taxes	298
Income taxes	89
Net income	$ 209

Cash dividends were $32. The company sold equipment for $61 that was originally purchased for $32 and that had accumulated depreciation of $6. The net cash provided by (used in) investing activities for the year was:

Multiple Choice

$61

$113

$(174)

$(113)