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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $29 $26 Accounts receivable 88 77 Inventory

Financial statements of Rukavina Corporation follow:

Comparative Balance Sheet

Ending Balance Beginning Balance

Assets:

Cash and cash equivalents $29 $26

Accounts receivable 88 77

Inventory 44 36

Property, plant, and equipment 603 530

Less accumulated depreciation 347 304

Total assets $417 $365

Liabilities and stockholders' equity:

Accounts payable $46 $62

Bonds payable 120 160

Common stock 82 77

Retained earnings 169 66

Total liabilities and stockholders' equity $417 $365

Income Statement

Sales $730

Cost of goods sold 408

Gross margin 322

Selling and administrative expense 136

Net operating income 186

Income taxes 66

Net income $120

Cash dividends were $17. 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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