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Alcoser Corporation's most recent balance sheet appears below: Comparative...

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Accounting

Alcoser Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $ 79 $ 37
Accounts receivable 49 52
Inventory 69 97
Property, plant, and equipment 618 534
Less accumulated depreciation 240 222
Total assets $ 575 $ 498
Liabilities and stockholders' equity:
Accounts payable $ 57 $ 66
Accrued liabilities 33 32
Income taxes payable 28 44
Bonds payable 245 216
Common stock 91 85
Retained earnings 121 55
Total liabilities and equity $ 575 $ 498

Net income for the year was $85. Cash dividends were $19. The company did not dispose of any property, plant, and equipment. It did not issue 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) operating activities for the year was:

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