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Financial statements of Ansbro Corporation follow: Ansbro Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 46 $ 43 Accounts

Financial statements of Ansbro Corporation follow:

Ansbro Corporation Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 46 $ 43
Accounts receivable 110 94
Inventory 69 53
Property, plant and equipment 858 700
Less: accumulated depreciation

374

321

Total assets

$709

$569

Liabilities and stockholders' equity:
Accounts payable $ 82 $ 96
Bonds payable 205 330
Common stock 121 94
Retained earnings

301

49

Total liabilities and stockholders' equity

$709

$569

Income Statement
Sales $815
Cost of goods sold

264

Gross margin 551
Selling and administrative expenses

106

Net operating income 445
Income taxes

157

Net income

$ 288

Cash dividends were $36. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) operating activities for the year was:
$445
$295
$281
$7

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