Comparative Balance Sheet Ending Beginning Balance Balance Assets: $ 22 Cash and cash equivalents $ 24 62 Accounts receivable 70 Inventory 56 64 Property, plant, and equipment Less accumulated depreciation 703 630 305 272 $548 $506 Total assets Liabilities and stockholders' equity: $ 37 Accounts payable $ 51 Bonds payable 342 370 37 30 Common stock Retained earnings 118 69 $548 $506 Total liabilities and equity Income Statement $620 Sales 385 Cost of goods sold Gross margin Selling and administrative expense 235 153 Net operating income 82 29 Income taxes $ 53 Net income The company paid a cash dividend of $4 and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The company paid a cash dividend of $4 and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The net cash provided by (used in) operating activities for the year was