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Marbry Corporation's balance sheet and income statement appear below: Cash dividends were $10. The...

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Accounting

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

image

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 which of the following:

  • $(10)

  • $(57)

  • $(54)

  • $7

Comparative Balance Sheet Ending Beginning Balance Balance AssetS: Current assets: S 62 48 82 192 570 277 293 $485 $ 45 64 64 173 540 264 276 $449 Cash and cash equivalents 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: $ 75 48 59 182 94 276 $ 59 30 59 148 148 296 Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock 51 158 209 $485 109 153 $449 Retained earnings Total stockholders' equity Total 1iabilities 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 $679 456 223 159 64 27 91 32 $ 59 Net income

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