Homework answers / question archive / Financial statements of Rukavina Corporation follow:   Comparative Balance Sheet   Ending Balance Beginning Balance  Assets:      Cash and cash equivalents $36 $38  Accounts receivable 39 44  Inventory 34 35  Property, plant and equipment 386 360  Less accumulated depreciation  202  191  Total assets $293 $286  Liabilities and stockholders’ equity:      Accounts payable $71 $61  Bonds payable 176 220  Common stock 81 80  Retained earnings  (35)  (75)  Total liabilities and equity $293 $286   Income Statement  Sales $518  Cost of goods sold  336  Gross margin 182  Selling and administrative expense  113  Net operating income 69  Income taxes   21  Net income   $48 Cash dividends were $8

Financial statements of Rukavina Corporation follow:   Comparative Balance Sheet   Ending Balance Beginning Balance  Assets:      Cash and cash equivalents $36 $38  Accounts receivable 39 44  Inventory 34 35  Property, plant and equipment 386 360  Less accumulated depreciation  202  191  Total assets $293 $286  Liabilities and stockholders’ equity:      Accounts payable $71 $61  Bonds payable 176 220  Common stock 81 80  Retained earnings  (35)  (75)  Total liabilities and equity $293 $286   Income Statement  Sales $518  Cost of goods sold  336  Gross margin 182  Selling and administrative expense  113  Net operating income 69  Income taxes   21  Net income   $48 Cash dividends were $8

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Financial statements of Rukavina Corporation follow:
 

Cash dividends were $8. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) investing activities for the year was:

$26

$15

($26)

($15)