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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 $ 62 $

Sonier Corporation's most recent balance sheet appears below:

Sonier Corporation's Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 62 $ 54
Accounts receivable 105 98
Inventory 87 84
Property, plant and equipment 728 640
Less: accumulated depreciation

284

248

Total assets

$698

$628

Liabilities and stockholders' equity:
Accounts payable $ 78 $ 76
Bonds payable 376 440
Common stock 46 42
Retained earnings

198

70

Total liabilities and stockholders' equity

$698

$628

The net income for the year was $187. Cash dividends were $59. 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:

$(119)

$(59)

$(64)

$4

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