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Financial statements of Rukavina Corporation follow: Rukavina Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $33 $30 Accounts receivable 84

Financial statements of Rukavina Corporation follow:

Rukavina Corporation Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $33 $30
Accounts receivable 84 81
Inventory 43 40
Property, plant and equipment 663 570
Less: accumulated depreciation

348

308

Total assets

$475

$413

Liabilities and stockholders' equity:
Accounts payable $63 $70
Bonds payable 140 200
Common stock 95 81
Retained earnings

177

62

Total liabilities and stockholders' equity

$475

$413

Income Statement
Sales $750
Cost of goods sold

403

Gross margin 347
Selling and administrative expenses

134

Net operating income 213
Income taxes

78

Net income

$135

Cash dividends were $20. 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:

$(20)

$(93)

$(60)

$14

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