Assignment
Financial statements of Ansbro Corporation follow:
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Ansbro Corporation
Comparative Balance Sheet
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Ending
Balance
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Beginning
Balance
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Assets:
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Cash and cash equivalents
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$30
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$27
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Accounts receivable
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90
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78
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Inventory
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46
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37
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Property, plant and equipment
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618
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540
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Less: accumulated depreciation
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344
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305
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Total assets
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$440
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$377
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Liabilities and stockholders' equity:
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Accounts payable
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$47
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$64
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Bonds payable
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125
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170
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Common stock
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89
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78
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Retained earnings
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179
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65
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Total liabilities and stockholders' equity
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$440
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$377
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Income Statement
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Sales
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$735
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Cost of goods sold
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402
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Gross margin
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333
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Selling and administrative expenses
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131
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Net operating income
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202
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Income taxes
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72
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Net income
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$130
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Cash dividends were $16. 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.
What was the net cash provided by (used in) investing activities for the year.