Brew Corporation's most recent comparative balance sheet and income statement appear below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets      Current assets:      Cash and cash equivalents$47 $39 Accounts receivable 38  35 Inventory 68  61 Total current assets 153  135 Property, plant, and equipment 600  500 Less accumulated depreciation 397  332 Net property, plant, and equipment 203  168 Total assets$356 $303 Liabilities and stockholders' equity:      Current liabilities:      Accounts payable$59 $63 Total current liabilities 59  63 Bonds payable 219  260 Total liabilities 278  323 Stockholders' equity:      Common stock 71  70 Retained earnings 7  (90)Total stockholders'

equity 78  (20)Total liabilities and stockholders' equity$356 $303?Income Statement?Sales$975Cost of goods sold   619Gross margin 356Selling and administrative expense  165Net operating income191Income taxes  57Net income  $134Cash dividends were $37. The company did not retire or sell any property, plant, and equipment during the year. The net cash provided by (used in) operating activities for the year was: 

A. $191
B. $51
C. $185
D. $83


Answer: C

Business

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