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Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents Accounts receivable
Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment $ 36 49 56 141 455 260 195 $336 $ 32 51 51 134 410 251 159 $293 Total assets Liabilities and stockholders' equity: Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 49 22 46 117 116 233 $ 46 17 46 109 122 231 40 63 103 $336 31 31 62 $293 231 Stockholders' equity: Common stock Retained earnings Total stockholders equity Total liabilities and stockholders equity 40 63 103 31 31 62 $336 $293 $611 290 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of plant and equipment Income before taxes Income taxes Net income 321 273 48 13 61 23 $ 38 Cash dividends were $6. 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
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