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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 $ 64

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

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $ 64 $ 46
Accounts receivable 57 65
Inventory 84 65
Total current assets 205 176
Property, plant, and equipment 575 550
Less accumulated depreciation 278 265
Net property, plant, and equipment 297 285
Total assets $ 502 $ 461
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 77 $ 60
Accrued liabilities 50 31
Income taxes payable 60 60
Total current liabilities 187 151
Bonds payable 110 150
Total liabilities 297 301
Stockholders equity:
Common stock 53 45
Retained earnings 152 115
Total stockholders equity 205 160
Total liabilities and stockholders' equity $ 502 $ 461

Income Statement
Sales $ 600
Cost of goods sold 373
Gross margin 227
Selling and administrative expense 165
Net operating income 62
Gain on sale of plant and equipment 13
Income before taxes 75
Income taxes 27
Net income $ 48

Cash dividends were $11. 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:

Multiple Choice

$(43)

$(40)

$8

$(11)

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