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Cannedy Corporation's most recent balance sheet appears below: Ending Balance Beginning Balance Assets: Cash and cash equivalents $33 $27 Accounts receivable 45 54 Inventory 70

Cannedy Corporation's most recent balance sheet appears below:

Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $33 $27
Accounts receivable 45 54
Inventory 70 73
Property, plant and equipment 542 486
Less accumulated depreciation 288 267
Total assets

$402

$373

Liabilities and stockholder's equity:
Accounts payable $32 $37
Accrued liabilities 18 24
Income taxes payable 35 38
Bonds payable 87 107
Common stock 71 67
Retained earnings 159 100
Total liabilities and stockholder's equity

$402

$373

The company's net income for the year was $77 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $18. The net cash provided by (used in) investing activities for the year was:

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