Question
Vella Corporation's most recent balance sheet information appears below: Comparative Balance Sheet Assets: Ending Balance Beginning Balance Current assets: Cash and cash equivalents $27,000 $26,000
Vella Corporation's most recent balance sheet information appears below:
Comparative Balance Sheet
Assets: | Ending Balance | Beginning Balance |
|
Current assets: |
|
|
|
Cash and cash equivalents | $27,000 | $26,000 |
|
Accounts receivable | 65,000 | 59,000 |
|
Inventory | 49,000 | 55,000 |
|
Total current assets | 141,000 | 140,000 |
|
Property, plant, and equipment | 533,000 | 490,000 |
|
Less accumulated depreciation | 234,000 | 231,000 |
|
Net property, plant, and equipment | 299,000 | 259,000 |
|
Total assets | $440,000 | $399,000 |
|
Liabilities and stockholders' equity |
|
|
|
Current liabilities: |
|
|
|
Accounts payable | $28,000 | $26,000 |
|
Total current liabilities | 28,000 | 26,000 |
|
Bonds payable | 169,000 | 200,000 |
|
Total liabilities | 197,000 | 226,000 |
|
Stockholders' equity: |
|
|
|
Common stock | 71,000 | 70,000 |
|
Retained earnings | 172,000 | 103,000 |
|
Total stockholders' equity | 243,000 | 173,000 | |
Total liabilities and stockholders' equity | $440,000 | $399,000 |
|
The company's net income for the year was $91,000 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $22
Question: Based on the financial information provided above, what is the net cash provided by (used in) operating activities for the year?
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