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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and

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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation $ 67 114 84 676 338 $ 603 77 119 85 610 305 $ 586 Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $146 426 106 (75) $603 $ 111 470 105 (100) $ 586 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes $770 539 231 154 77 23 $ 54 Net income Cash dividends were $29. 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: Multiple Choice

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