Carriveau Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance $ 23 29 51 103 $ 34 34 44 112 737 262 475 $587 544 248 296 $399 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 $ 49 14 37 100 141 241 $ 55 9 32 96 198 294 79 267 346 74 31 105 $ 587 $399 Net income for the year was $290. Cash dividends were $54. 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 O $270 $20 O $401 O $310