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Lueckenhoff Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Asset: Cash and cash equivalents $34 $29 Accounts receivable 44

Lueckenhoff Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending
Balance
Beginning Balance
Asset:
Cash and cash equivalents $34 $29
Accounts receivable 44 41
Inventory 72 60
Property, plant and equipment 610 550
Less accumulated depreciation

274

229

Total assets

$486

$451

Liabilities and stockholders' equity:
Accounts payable $32 $28
Bonds payable 305 400
Common stock 51 50
Retained earnings

98

(27)

Total liabilities and stockholders' equity.

$486

$451


The company's net income for the year was $153 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $28. The net cash provided by (used in) operating activities for the year was:

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