Sonler Corporation's most recent balance sheet appears below:
Comparative Balance sheet
Ending Beginning Beginning Balance
Assets:
Cash and cash equivalents 46 38
Accounts receivable 89 82
Inventory 71 68
Property, plant, and equipment 568 480
Less accumulated depreciation 252 216
Total assets 552 452
Liabilities and stockholders' equity:
Accounts payable 62 60
Bonds payable 232 280
Common stock 28 25
Retained earnings 200 87
Total liabilities and stockholders equity 522 452
The net income for the year was $156. Cash dividends were $43. The company did not Issue any bonds or repurchase any of its common
stock during the year. The net cash provided by (used in) financing activities for the year was:
Multiple Choice
$(88)
$3
$(48)
$(43)