The most recent balance sheet and income statement of Helle Corporation appear below:

	Comparative Balance Sheet
		Ending Balance	Beginning Balance
	Assets:
	Cash and cash equivalents.........................	$ 21	$ 22
	Accounts receivable...................................	56	54
	Inventory...................................................	66	58
	Plant and equipment..................................	459	420
	Accumulated depreciation.........................	( 225)	( 202)
	Total assets.................................................	$377	$352
	Liabilities and stockholders’ equity:
	Accounts payable.......................................	$ 46	$ 55
	Wages payable...........................................	22	20
	Taxes payable.............................................	18	21
	Bonds payable...........................................	22	30
	Deferred taxes...........................................	17	16
	Common stock...........................................	61	60
	Retained earnings......................................	191	150
	Total liabilities and stockholders’ equity...	$377	$352

	Income Statement
	Sales...........................................................	$532
	Cost of goods sold.....................................	324
	Gross margin..............................................	208
	Selling and administrative expense............	137
	Net operating income.................................	71
	Income taxes..............................................	21
	Net income.................................................	$ 50

 Cash dividends were $9. The net cash provided by (used by) operations for the year was:

 A)        $46

 B)         $71

 C)         $54

 D)         $4