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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 and cash equivalents $ 44

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

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $ 44 $ 45
Accounts receivable 77 76
Inventory 56 54
Total current assets 177 175
Property, plant, and equipment 632 525
Less accumulated depreciation 247 280
Net property, plant, and equipment 385 245
Total assets $ 562 $ 420
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 51 $ 55
Accrued liabilities 28 27
Income taxes payable 56 60
Total current liabilities 135 142
Bonds payable 71 65
Total liabilities 206 207
Stockholders equity:
Common stock 46 45
Retained earnings 310 168
Total stockholders equity 356 213
Total liabilities and stockholders' equity $ 562 $ 420

Income Statement
Sales $ 850
Cost of goods sold 501
Gross margin 349
Selling and administrative expense 139
Net operating income 210
Gain on sale of plant and equipment 29
Income before taxes 239
Income taxes 72
Net income $ 167

Cash dividends were $25. The company sold equipment for $47 that was originally purchased for $25 and that had accumulated depreciation of $7. The net cash provided by (used in) investing activities for the year was:

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