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Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance $ 50 $ 58 101 83 688 94 80 600

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Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Beginning Balance Balance $ 50 $ 58 101 83 688 94 80 600 276 Assets: Cash and cash equivalents Accounts receivable Inventory Property, plant, and equipment Less accumulated depreciation Total assets Liabilities and stockholders' equity: Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity 240 $584 $654 $ 72 400 $ 74 340 39 201 $654 36 76 $584 The net income for the year was $180. Cash dividends were $55. 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: Help Save & 400 donos payable Common stock Retained earnings Total liabilities and stockholders' equity 340 39 201 $654 76 $584 The net income for the year was $180. Cash dividends were $55. 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: Multiple Choice O O O

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