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Shimko Corporation's most recent comparative balance sheet and income statement appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $

Shimko Corporation's most recent comparative balance sheet and income statement appear below:
Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 37 $ 32
Accounts receivable 3432
Inventory 5955
Property, plant and equipment 447390
Less accumulated depreciation 212188
Total assets $ 365 $ 321
Liabilities and stockholders' equity:
Accounts payable $ 37 $ 32
Bonds payable 217270
Common stock 2120
Retained earnings 90(1)
Total liabilities and equity $ 365 $ 321
Income Statement
Sales $ 891
Cost of goods sold 539
Gross margin 352
Selling and administrative expense 195
Net operating income 157
Income taxes 47
Net income $ 110
The company paid a cash dividend of $19 and it did not dispose of any property, plant, and equipment. The company 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:
Multiple Choice
$57
$(57)
$33
$(33)

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