Marbry Corporation's balance sheet and income statement appear below: Comparative Balance...

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Accounting

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

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Current assets:
Cash and cash equivalents $ 44 $ 36
Accounts receivable 49 55
Inventory 64 55
Total current assets 157 146
Property, plant, and equipment 475 450
Less accumulated depreciation 264 255
Net property, plant, and equipment 211 195
Total assets $ 368 $ 341
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 57 $ 50
Accrued liabilities 30 21
Income taxes payable 50 50
Total current liabilities 137 121
Bonds payable 109 130
Total liabilities 246 251
Stockholders equity:
Common stock 48 35
Retained earnings 74 55
Total stockholders equity 122 90
Total liabilities and stockholders' equity $ 368 $ 341

Income Statement
Sales $ 613
Cost of goods sold 400
Gross margin 213
Selling and administrative expense 185
Net operating income 28
Gain on sale of plant and equipment 17
Income before taxes 45
Income taxes 16
Net income $ 29

Cash dividends were $10. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was:

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