Rukavina Corporation

Comparative Balance Sheet

Ending

Balance Beginning

Balance

Assets:

Cash and cash equivalents $40 $37

Accounts receivable 98 88

Inventory 57 47

Property, plant and equipment 768 640

Less: accumulated depreciation 362 315

Total assets $601 $497

Liabilities and stockholders' equity:

Accounts payable $80 $84

Bonds payable 174 270

Common stock 108 88

Retained earnings 239 55

Total liabilities and stockholders' equity $601 $497

Income Statement

Sales $785

Cost of goods sold 351

Gross margin 434

Selling and administrative expenses 113

Net operating income 321

Income taxes 115

Net income $206

Cash dividends were $22. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) investing activities for the year was:

$(96)

$(22)

$(128)

$20