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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 27 $ 24 Accounts receivable 83

Financial statements of Rukavina Corporation follow:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 27 $ 24
Accounts receivable 83 75
Inventory 39 34
Property, plant, and equipment 573 510
Less accumulated depreciation 332 302
Total assets $ 390 $ 341
Liabilities and stockholders' equity:
Accounts payable $ 47 $ 58
Bonds payable 110 140
Common stock 83 75
Retained earnings 150 68
Total liabilities and stockholders' equity $ 390 $ 341

Income Statement
Sales $ 720
Cost of goods sold 452
Gross margin 268
Selling and administrative expense 116
Net operating income 152
Income taxes 55
Net income $ 97

Cash dividends were $15. 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

$(63)

$63

$(15)

$15

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