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Sonier Corporation's most recent balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 59 $ 51 Accounts
Sonier Corporation's most recent balance sheet appears below:
Comparative Balance Sheet | ||
Ending Balance | Beginning Balance | |
---|---|---|
Assets: | ||
Cash and cash equivalents | $ 59 | $ 51 |
Accounts receivable | 102 | 95 |
Inventory | 84 | 81 |
Property, plant, and equipment | 698 | 610 |
Less accumulated depreciation | 278 | 242 |
Total assets | $ 665 | $ 595 |
Liabilities and stockholders' equity: | ||
Accounts payable | $ 75 | $ 73 |
Bonds payable | 349 | 410 |
Common stock | 41 | 37 |
Retained earnings | 200 | 75 |
Total liabilities and stockholders' equity | $ 665 | $ 595 |
The net income for the year was $181. Cash dividends were $56. 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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