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Schleich Corporation's most recent balance sheet appears below: Schleich Corporation Comparative Balance Sheet Ending Balance Beginning Balance Assets: Current assets: Cash and cash equivalents $36

Schleich Corporation's most recent balance sheet appears below:

Schleich Corporation Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $36 $25
Accounts receivable 32 25
Inventory

46

55

Total current assets

114

105

Property, plant and equipment 747 546
Less: accumulated depreciation 240 235
Net property, plant and equipment

507

311

Total assets

$621

$416

Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $51 $53
Accrued liabilities 16 10
Income taxes payable

39

27

Total current liabilities 106 90
Bonds payable

157

217

Total liabilities

263

307

Stockholder's equity:
Common stock 81 76
Retained earnings

277

33

Total stockholder's equity

358

109

Total liabilities and stockholders' equity

$621

$416

Net income for the year was $300. Cash dividends were $56. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was:

$417

$277

$323

$23

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