Financial statements of Rukavina Corporation follow:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 34	$ 31
Accounts receivable	86	82
Inventory	45	41
Property, plant, and equipment	678	580
Less accumulated depreciation	350	300
Total assets	$ 493	$ 434
Liabilities and stockholders' equity:
Accounts payable	$ 67	$ 72
Bonds payable	145	210
Common stock	92	82
Retained earnings	189	70
Total liabilities and stockholders' equity	$ 493	$ 434

Income Statement
Sales	$ 755
Cost of goods sold	383
Gross margin	372
Selling and administrative expense	127
Net operating income	245
Income taxes	87
Net income	$ 158

Cash dividends were $39. 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

• $(98)

• $98

• $(39)

• $39