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Kaeser Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets Current assets: Cash and cash equivalents $44 $36 Accounts

Kaeser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets
Current assets:
Cash and cash equivalents $44 $36
Accounts receivable 54 60
Inventory 32 37
Total current assets 130 133
Property, plant, and equipment 527 460
Less accumulated depreciation 339 289
Net property, plant, and equipment 188 171
Total assets $318 $304
Liabilities and stockholders' equity
Current liabilities:
Accounts payable $46 $41
Accrued liabilities 20 17
Income taxes payable 26 29
Total current liabilities 92 87
Bonds payable 145 180
Total liabilities 237 267
Stockholders equity:
Common stock 31 30
Retained earnings 50 7
Total stockholders equity 81 37
Total liabilities and stockholders' equity $318 $304

The company's net income for the year was $52 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $9. The net cash provided by (used in) investing activities for the year was:

$17

$67

($17)

($67)

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