The most recent balance sheet for Birchett Corporation appears below:

Comparative Balance
	Balance final	Opening balance
Assets
Current assets:
Cash and cash equivalents	$27	$26
accounts receivable	Sixty-five	59
Inventory	49	55
Total current assets	141	140
Property, plant and equipment	533	490
Less accumulated depreciation	234	231
Net property, plant and equipment	299	259
total assets	$440	$399
Liabilities and shareholders' equity
current liabilities:
Accounts payable	$28	$26
Total current liabilities	28	26
Obligations with the public	169	200
Full responsibility	197	226
Equity:
Common actions	71	70
Retained earnings	172	103
Equity of total shareholders	243	173
Total liabilities and stockholders' equity	$440	$399

The company's net income for the year was $91 and it did not sell or retire any property, plant and equipment during the year. Cash dividends were $22. 

Calculate Net cash provided by (used in) operating activities for the year.

Answer rating: 100% (QA)

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