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The most recent balance sheet and income statement of Oldaker Corporation appear below: Comparative Balance Sheet Ending Balance Beginning Balance Assets Cash and cash equivalents

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

Comparative Balance Sheet

Ending Balance

Beginning Balance

Assets

Cash and cash equivalents

$31

$29

Accounts receivable

73

79

Inventory

44

45

Property, plant, and equipment

728

590

Less accumulated depreciation

253

242

Total Assets

$623

$501

Liabilities and stockholders equity

Ending Balance

Beginning Balance

Accounts payable

$56

$63

Accrued liabilities

21

22

Income taxes payable

26

28

Bonds payable

121

110

Common stock

33

30

Retained earnings

366

248

Total liabilities and stockholders equity

623

501

Income Statement

Sales

$921

Cost of goods sold

575

Gross margin

346

Selling and administrative expense

117

Net operating income

229

Income taxes

69

Net income

$160

The company paid a cash dividend of $42 and it did not dispose of any property, plant, and equipment. The company did not retire any bonds payable or repurchase any of its own common stock. The following question pertains to the company's statement of cash flows.

The net cash provided by (used in) operating activities for the year was:

$168

$8

$152

$229

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