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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 $ 34

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

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $ 34 $ 31
Accounts receivable 41 50
Inventory 54 50
Total current assets 129 131
Property, plant, and equipment 450 400
Less accumulated depreciation 255 250
Net property, plant, and equipment 195 150
Total assets $ 324 $ 281
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 47 $ 45
Accrued liabilities 20 16
Income taxes payable 45 45
Total current liabilities 112 106
Bonds payable 103 120
Total liabilities 215 226
Stockholders equity:
Common stock 35 30
Retained earnings 74 25
Total stockholders equity 109 55
Total liabilities and stockholders' equity $ 324 $ 281

Income Statement
Sales $ 650
Cost of goods sold 317
Gross margin 333
Selling and administrative expense 266
Net operating income 67
Gain on sale of plant and equipment 19
Income before taxes 86
Income taxes 32
Net income $ 54

Cash dividends were $5. 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:v: 05_24_2013_QC_31013

A) $5

B) $(17)

C) $(17)

D) $(5)

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