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Autry Corporation's balance sheet and income statement appear below:

Cash dividends were $35. The company sold equipment for $67 that was originally purchased for $35 and that had accumulated depreciation of $9. The net cash provided by (used in) investing activities for the year was which of the following:

• $67

• $(125)

• $(192)

• $125

Comparative Balance Sheet Ending Beginning Balance Balance AssetS: Current assets: Cash and cash equivalents 54 87 55 86 64 205 575 300 275 $480 Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and stockholders' equity: Current liabilities: 207 732 267 465 $672 65 37 70 172 80 252 Accounts pavable $ 61 38 Accrued liabilities Income taxes payable Total Bonds payable Total liabilities Stockholders' equity: current liabilities 165 86 251 Common stock 61 360 421 $672 60 168 228 $480 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Gain on sale of plant and equipment Income before taxes Income taxes $950 551 399 115 284 41 325 98 $227 Net income

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