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Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance $ 49 $ 70 64 90 224 590 274
Marbry Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Beginning Balance Balance $ 49 $ 70 64 90 224 590 274 68 68 185 580 268 312 316 $540 $497 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 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 $ 83 $ 63 56 63 202 103 34 63 160 156 316 305 59 176 235 48 133 181 Total liabilities and stockholders' equity $540 $497 $ 758 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 559 199 158 41 32 73 27 Net income $ 46 Cash dividends were $3. The company did not issue any bonds or repurchase any of its own common stock durina the vear. The net cash provided by (used in financina activities for the vear was
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