Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance $ 47 $ 36 45 57 27 77 140 557 149 837 301 536 $685 274 283 $423 Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 78 $ 62 27 24 50 139 122 261 24 126 166 292 92 332 424 $685 87 44 131 $423 Net income for the year was $355. Cash dividends were $67. 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