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TB MC Qu. 14-107 Financial statements of Rukavina Corporation ... Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ 38

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TB MC Qu. 14-107 Financial statements of Rukavina Corporation ... Financial statements of Rukavina Corporation follow: Comparative Balance Sheet Ending Beginning Balance Balance $ 38 94 53 738 358 $ 35 86 45 620 313 $473 $565 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 $ 71 165 104 225 $ 80 250 86 57 $565 $473 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes $775 371 404 104 300 107 $193 Net income Cash dividends were $25. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows. The net cash provided by (used in) investing activities for the year was: Multiple Choice $(25) $25 $(118) $118

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