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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance $ 38 $ 36 39 44 34 35 386 360 202 191
Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance $ 38 $ 36 39 44 34 35 386 360 202 191 $ 293 $ 286 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 $ 71 176 81 (35) $ 293 $ 61 220 80 (75) $ 286 $ 518 336 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes 182 113 69 21 $ 48 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) financing activities for the year was: w O $ 1 O $(51) O $(8) O $(44)
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