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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ 30 $ 35 51 56 42 43 426 400 213
Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ 30 $ 35 51 56 42 43 426 400 213 200 $ 336 $ 334 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 $ 83 216 $ 69 260 85 (48) 84 $ 336 (79) $ 334 Income Statement Sales $ 560 Cost of goods sold 392 Gross margin 168 Selling and administrative expense 112 56 17 $ 39 Net operating income Income taxes Net income Cash dividends were $8. 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:
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