Shimko Corporation's most recent comparative balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$26? $24? Accounts receivable 78? 64? Inventory 60? 66? Property, plant, and equipment 733? 650? Less accumulated depreciation 309? 274? Total assets$588? $530? Liabilities and stockholders' equity: Accounts payable$58? $39? Bonds payable 357? 390? Common stock 59? 50? Retained earnings 114? 51? Total liabilities and equity$588? $530? Income StatementSales$640?Cost of goods sold 395?Gross margin 245?Selling and administrative expense 150?Net operating income 95???Income
taxes 31?Net income$64??The company paid a cash dividend of $1 and it did not dispose of any property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock.The net cash provided by (used in) operating activities for the year was:
A. $95
B. $110
C. $141
D. $129
Answer: B
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