Kilduff Corporation's balance sheet and income statement appear below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Cash and cash equivalents	$	36		$	38
Accounts receivable		36			32
Inventory		49			55
Property, plant and equipment		707			580
Less accumulated depreciation		316			315
Total assets	$	512		$	390
Liabilities and stockholders' equity:
Accounts payable	$	71		$	64
Accrued liabilities		22			19
Income taxes payable		34			41
Bonds payable		71			100
Common stock		32			30
Retained earnings		282			136
Total liabilities and stockholders' equity	$	512		$	390

Income Statement
Sales	$	1,174
Cost of goods sold		771
Gross margin		403
Selling and administrative expense		146
Net operating income		257
Gain on sale of equipment		14
Income before taxes		271
Income taxes		81
Net income	$	190

The company sold equipment for $19 that was originally purchased for $10 and that had accumulated depreciation of $5. The company paid a cash dividend of $44 and it did not issue any bonds payable or repurchase any of its own common stock.

The net cash provided by (used in) financing activities for the year was:

• $(44)

• $(71)

• $2

• $(29)