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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 26 $ 23 Accounts receivable 81

Financial statements of Rukavina Corporation follow:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 26 $ 23
Accounts receivable 81 74
Inventory 39 33
Property, plant, and equipment 558 500
Less accumulated depreciation 330 301
Total assets $ 374 $ 329
Liabilities and stockholders' equity:
Accounts payable $ 44 $ 56
Bonds payable 105 130
Common stock 81 74
Retained earnings 144 69
Total liabilities and stockholders' equity $ 374 $ 329

Income Statement
Sales $ 715
Cost of goods sold 454
Gross margin 261
Selling and administrative expense 125
Net operating income 136
Income taxes 48
Net income $ 88

Cash dividends were $13. 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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