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Sonier Corporation's most recent balance sheet appears below: ...

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Accounting

Sonier Corporation's most recent balance sheet appears below:

Comparative Balance Sheet

Ending

Balance

Beginning

Balance
Assets
Cash and cash equivalents $ 42 $ 34
Accounts receivable 85 78
Inventory 67 64
Property, plant, and equipment 528 440
Less accumulated depreciation 244 208
Total assets $478 $408
Liabilities and stockholders' equity:
Accounts payable $58 $56
Bonds payable 197 240
Common stock 55 50
Retained earnings 168 62
Total liabilities and stockholders' equity $478 $408

The net income for the year was $148. Cash dividends were $42. The company did not issue any bonds or repurchase any of its common stock during the year. The net cash provided by (used in) financing activities for the year was:

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