TB MC Qu. 15-106 (Static) Financial statements of Rukavina Corporation... Financial statements of Rukavina Corporation follow: Assets: Cash and cash equivalents Comparative Balance Sheet Ending Balance Beginning Balance $ 36 $ 38 39 44 34 35 386 360 202 191 $ 293 $ 286 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 Income Statement Sales $ 518 Cost of goods sold 336 Gross margin 182 Selling and administrative expense 113 Net operating income Income taxes 69 21 Net income $ 48 $ 71 176 81 $ 61 220 80 (35) (75) $ 293 $ 286 Cash dividends were $8. 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) operating activities for the year was: Multiple Choice $27 $69 $75 $21