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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