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Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 36 $ 33 Accounts receivable 90

Financial statements of Rukavina Corporation follow:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 36 $ 33
Accounts receivable 90 84
Inventory 49 43
Property, plant, and equipment 708 600
Less accumulated depreciation 354 303
Total assets $ 529 $ 457
Liabilities and stockholders' equity:
Accounts payable $ 72 $ 76
Bonds payable 155 230
Common stock 101 88
Retained earnings 201 63
Total liabilities and stockholders' equity $ 529 $ 457

Income Statement
Sales $ 765
Cost of goods sold 388
Gross margin 377
Selling and administrative expense 116
Net operating income 261
Income taxes 92
Net income $ 169

Cash dividends were $31. 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

$31

$108

$(108)

$(31)

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