Question: Buckley Corporation's most recent comparative balance sheet appears below: Comparative Balance Sheet Ending Balance Beginning Balance Assets: Cash and cash equivalents $19 $20 Accounts receivable

Buckley Corporation's most recent comparative balance sheet appears below:

Comparative Balance Sheet
Ending Balance Beginning Balance
Assets:
Cash and cash equivalents $19 $20
Accounts receivable 26 27
Inventory 56 51
Property, plant and equipment 686 550
Less accumulated depreciation 430 363
Total assets $357 $285
Liabilities and stockholders' equity:
Accounts payable $30 $34
Bonds payable 43 40
Common stock 54 50
Retained earnings 230 161
Total liabilities and stockholders' equity $357 $285

The company's net income for the year was $91 and it paid a cash dividend of $22. It did not dispose of any property, plant, and equipment during the year. The company did not retire any bonds payable or repurchase any of its own common stock. The net cash provided by (used in) investing activities for the year was:

$69

($136)

$136

($69)

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