Carriveau Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$ 36	$ 25
Accounts receivable	32	25
Inventory	46	55
Total current assets	114	105
Property, plant, and equipment	747	546
Less accumulated depreciation	240	235
Net property, plant, and equipment	507	311
Total assets	$ 621	$ 416
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$ 51	$ 53
Accrued liabilities	16	10
Income taxes payable	39	27
Total current liabilities	106	90
Bonds payable	157	217
Total liabilities	263	307
Stockholders equity:
Common stock	81	76
Retained earnings	277	33
Total stockholders equity	358	109
Total liabilities and stockholders' equity	$ 621	$ 416

Net income for the year was $300. Cash dividends were $56. 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

$323

$417

$23

$277