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

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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 $ 68 $ 48
Accounts receivable 62 67
Inventory 88 67
Total current assets 218 182
Property, plant, and equipment 585 570
Less accumulated depreciation 273 267
Net property, plant, and equipment 312 303
Total assets $ 530 $ 485
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable $ 81 $ 62
Accrued liabilities 54 33
Income taxes payable 62 62
Total current liabilities 197 157
Bonds payable 89 154
Total liabilities 286 311
Stockholders equity:
Common stock 57 47
Retained earnings 187 127
Total stockholders equity 244 174
Total liabilities and stockholders' equity $ 530 $ 485

Income Statement
Sales $ 681
Cost of goods sold 425
Gross margin 256
Selling and administrative expense 188
Net operating income 68
Gain on sale of plant and equipment 30
Income before taxes 98
Income taxes 36
Net income $ 62

Cash dividends were $2. 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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