Financial statements of Rukavina Corporation follow:

Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 33	$ 37
Accounts receivable	54	59
Inventory	44	45
Property, plant, and equipment	436	410
Less accumulated depreciation	218	205
Total assets	$ 349	$ 346
Liabilities and stockholders' equity:
Accounts payable	$ 86	$ 71
Bonds payable	226	270
Common stock	86	85
Retained earnings	(49)	(80)
Total liabilities and stockholders' equity	$ 349	$ 346

Income Statement
Sales	$ 570
Cost of goods sold	399
Gross margin	171
Selling and administrative expense	114
Net operating income	57
Income taxes	17
Net income	$ 40

Cash dividends were $9. 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:

Multiple Choice

• $28

• $74

• $66

• $80