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Sonier Corporation's most recent balance sheet appears below: Sonier Corporation's Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $ 48 $

Sonier Corporation's most recent balance sheet appears below:

Sonier Corporation's Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 48 $ 40
Accounts receivable 91 84
Inventory 73 70
Property, plant and equipment 588 500
Less: accumulated depreciation

256

220

Total assets

$544

$474

Liabilities and stockholders' equity:
Accounts payable $ 64 $ 62
Bonds payable 250 300
Common stock 50 45
Retained earnings

180

67

Total liabilities and stockholders' equity

$544

$474

The net income for the year was $160. Cash dividends were $47. 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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