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Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $ 66

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

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $ 66 $ 47
Accounts receivable 56 66
Inventory 86 66
Total current assets 208 179
Property, plant, and equipment 580 560
Less accumulated depreciation 279 266
Net property, plant, and equipment 301 294
Total assets $ 509 $ 473
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 79 $ 61
Accrued liabilities 52 32
Income taxes payable 61 61
Total current liabilities 192 154
Bonds payable 93 152
Total liabilities 285 306
Stockholders equity:
Common stock 55 46
Retained earnings 169 121
Total stockholders equity 224 167
Total liabilities and stockholders' equity $ 509 $ 473

Income Statement
Sales $ 783
Cost of goods sold 581
Gross margin 202
Selling and administrative expense 132
Net operating income 70
Gain on sale of plant and equipment 25
Income before taxes 95
Income taxes 35
Net income $ 60

Cash dividends were $12. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was

  • $(62)

  • $9

  • $(12)

  • $59

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