Dorris Corporation's balance sheet and income statement appear below:

Comparative Balance Sheet

Assets	Ending Balance	Beginning Balance
Current assets:
Cash and cash equivalents	$42	$40
Accounts receivable	49	57
Inventory	52	44
Total current assets	143	141
Property, plant, and equipment	456	410
Less accumulated depreciation	203	186
Net property, plant, and equipment	253	224
Total Assets	$396	$365

Liabilities and stockholders equity	Ending Balance	Beginning Balance
Current liabilities:
Accounts payable	$27	$33
Accrued liabilities	16	19
Income taxes payable	42	42
Total current liabilities	85	94
Bonds payable	76	70
Total liabilities	161	164
Stockholders equity:
Common stock	45	40
Retained earnings	190	161
Total stockholders equity	235	201
Total liabilities and stockholders equity	396	365

Income Statement
Sales	$587
Cost of goods sold	385
Gross margin	202
Selling and administrative expense	167
Net operating income	35
Gain on sale	16
Income before taxes	51
Income taxes	15
Net income	$36

Cash dividends were $7. The company sold equipment for $18 that was originally purchased for $8 and that had accumulated depreciation of $6. The net cash provided by (used in) operating activities for the year was:

$34

$35

$50

$41