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

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	38		$	33
Accounts receivable		49			52
Inventory		58			52
Total current assets		145			137
Property, plant, and equipment		460			420
Less accumulated depreciation		258			252
Net property, plant, and equipment		202			168
Total assets	$	347		$	305
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	51		$	47
Accrued liabilities		24			18
Income taxes payable		47			47
Total current liabilities		122			112
Bonds payable		97			124
Total liabilities		219			236
Stockholders equity:
Common stock		42			32
Retained earnings		86			37
Total stockholders equity		128			69
Total liabilities and stockholders' equity	$	347		$	305

Income Statement
Sales	$	705
Cost of goods sold		403
Gross margin		302
Selling and administrative expense		222
Net operating income		80
Gain on sale of plant and equipment		11
Income before taxes		91
Income taxes		35
Net income	$	56

Cash dividends were $7. 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

Multiple Choice

$(27)

$(24)

$(7)

$10