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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 3 9 $ 3 6 Accounts

Financial statements of Rukavina Corporation follow:
Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 39 $ 36
Accounts receivable 9687
Inventory 5546
Property, plant, and equipment 753630
Less accumulated depreciation 360314
Total assets $ 583 $ 485
Liabilities and stockholders' equity:
Accounts payable $ 72 $ 82
Bonds payable 170260
Common stock 10687
Retained earnings 23556
Total liabilities and stockholders' equity $ 583 $ 485
Income Statement
Sales $ 780
Cost of goods sold 357
Gross margin 423
Selling and administrative expense 107
Net operating income 316
Income taxes 112
Net income $ 204
Cash dividends were $25. 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) investing activities for the year was:
Multiple Choice
$(123)
$123
$(25)
$25

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