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'

Question

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 1

Answer: C