Carriveau Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	49		$	38
Accounts receivable		43			23
Inventory		59			81
Total current assets		151			142
Property, plant, and equipment		868			559
Less accumulated depreciation		308			278
Net property, plant, and equipment		560			281
Total assets	$	711		$	423
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	40		$	41
Accrued liabilities		29			22
Income taxes payable		52			40
Total current liabilities		121			103
Bonds payable		147			178
Total liabilities		268			281
Stockholders equity:
Common stock		94			89
Retained earnings		349			53
Total stockholders equity		443			142
Total liabilities and stockholders' equity	$	711		$	423

Net income for the year was $365. Cash dividends were $69. 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:

Multiple Choice

$415

$50

$521

$315