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Financial statements of Ansbro Corporation follow: Cash dividends were $24. The company did not dispose of any property, plant, and equipment. It did not issue

Financial statements of Ansbro Corporation follow:

Cash dividends were $24. 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:

$95

$99

$91

$43

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Financial statements of Ansbro Corporation follow: Ansbro Corporation Comparative Balance Sheet Ending Beginning Balance Balance Assets $73 $67 Cash and cash equivalents 99 Accounts receivable 104 74 75 Inventory Property, plant and equipment 586 560 293 280 Less: accumulated depreciation $539 $526 Total assets Liabilities and stockholders' equity: $131 $101 Accounts payable 376 420 Bonds payable 101 100 Common stock Retained earnings (95) $539 $526 Total liabilities and stockholders' equity Income Statement Sales $720 504 Cost of goods sold Gross margin 216 44 Selling and administrative expenses 72 Net operating income 22 Income taxes Net income Cash dividends were $24. 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: O $95 O $99 O $91 O $43

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