Financial statements of Rukavina Corporation follow:

Rukavina Corporation

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 expenses 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: