Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents $ 53 $ 45
Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance Assets: Cash and cash equivalents $ 53 $ 45 Accounts receivable 96 89 Inventory 78 75 Property, plant, and equipment 638 550 Less accumulated depreciation 266 230 Total assets $ 599 $ 529 Liabilities and stockholders' equity: Accounts payable $ 69 $ 67 Bonds payable Common stock 295 97 350 95 Retained earnings 138 17 Total liabilities and stockholders' equity $ 599 $ 529 The net income for the year was $170. Cash dividends were $49. The company did not issue any bonds or repurchase any of its common stock during the year. The net cash provided by (used in) financing activities for the year was:
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