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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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