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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 $

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:

a. $17

b. $67

c. ($17)

d. ($67)


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