Carriveau Corporation's most recent balance sheet appears below:

Carriveau Corporation Comparative Balance Sheet Ending Balance Beginning

Balance Assets: Current assets: Cash and cash equivalents $31 $20 Accounts receivable 30 27 Inventory 41 45 Total current assets 102 92 Property, plant and equipment 722 541 Less: accumulated depreciation 254 242 Net property, plant and equipment 468 299 Total assets $570 $391 Liabilities and stockholders' equity: Current liabilities: Accounts payable $46 $57 Accrued liabilities 11 9 Income taxes payable 34 31 Total current liabilities 91 97 Bonds payable 151 195 Total liabilities 242 292 Stockholder's equity: Common stock 76 71 Retained earnings 252 28 Total stockholder's equity 328 99 Total liabilities and stockholders' equity $570 $391

Net income for the year was $275. Cash dividends were $51. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was: $377 $268 $282 $7