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Mattix Corporation's balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 23 $ 22

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

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 23 $ 22
Accounts receivable 39 40
Inventory 43 44
Property, plant, and equipment 587 500
Less accumulated depreciation 359 347
Total assets $ 333 $ 259
Liabilities and stockholders' equity:
Accounts payable $ 30 $ 26
Accrued liabilities 15 18
Income taxes payable 39 40
Bonds payable 109 120
Common stock 51 50
Retained earnings 89 5
Total liabilities and stockholders' equity $ 333 $ 259

Income Statement
Sales $ 972
Cost of goods sold 620
Gross margin 352
Selling and administrative expense 200
Net operating income 152
Gain on sale of equipment 14
Income before taxes 166
Income taxes 50
Net income $ 116

The company sold equipment for $20 that was originally purchased for $7 and that had accumulated depreciation of $1. It paid a cash dividend during the year and did not issue any bonds payable or repurchase any of its own common stock.

Required:

Determine the net cash provided by (used in) operating activities for the year using the indirect method.

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