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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ 27 $ 24 83 75 39 34 573 510 332
Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ 27 $ 24 83 75 39 34 573 510 332 302 $ 390 $ 341 Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity Income Statement Sales $ 720 Cost of goods sold 452 Gross margin 268 Selling and administrative expense 116 $ 47 $ 58 110 140 83 75 150 68 $ 390 $ 341 Income Statement Sales $ 720 Cost of goods sold 452 Gross margin 268 Selling and administrative expense 116 152 55 $ 97 Net operating income Income taxes Net income 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:
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