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  3. carriveau corporation's most recent balance sheet

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

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Accounting

Carriveau Corporation's most recent balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $ 48 $ 37
Accounts receivable 46 27
Inventory 58 79
Total current assets 152 143
Property, plant, and equipment 862 558
Less accumulated depreciation 304 276
Net property, plant, and equipment 558 282
Total assets $ 710 $ 425
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 39 $ 60
Accrued liabilities 28 23
Income taxes payable 51 28
Total current liabilities 118 111
Bonds payable 155 174

Total liabilities 273 285
Stockholders equity:
Common stock 93 88
Retained earnings 344 52
Total stockholders equity 437 140
Total liabilities and stockholders' equity $ 710 $ 425

Net income for the year was $360. Cash dividends were $68. The company did not sell or retire any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was:

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