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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:
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 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

$(127)

$(138)

$127

138

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