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Financial statements. of Rukavina Cotporation follow: 5 Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents $ 28 $ 25 Accounts receivable
Financial statements. of Rukavina Cotporation follow: 5 Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents $ 28 $ 25 Accounts receivable 86 ?6 Inventory 42 35 PropertyJ plant, and equipment 588 529 Less accumulated depreciation 34B 299 Total assets $ 494 $ 35? Liabilities and stockholders' equity: Accounts payable $ 45 $ 69 Bonds payable 115 159 Common stock 85 I6 Retained earnings 159 ?1 Total liabilities and stockholders' equity $ 494 $ 357 Income Statement Sales $ ?25 Cost of goods sold 459 Gross margin 266 Selling and administrative expense 198 Net operating income 166 Income taxes 59 Net income $ 19? Cash dividends were $19. 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 torthe year was: MumweChoke O 25:88: $68 0 O $419} (3 $19
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