Klicker Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Current assets: Cash and cash equivalents$27 $30 Accounts receivable 37 31 Inventory 61 58 Total current assets 125 119 Property, plant, and equipment 593 480 Less accumulated depreciation 223 205 Net property, plant, and equipment 370 275 Total assets$495 $394 Liabilities and stockholders' equity: Current liabilities: Accounts payable$39 $38 Accrued liabilities 15 18 Income taxes payable 28 28 Total current liabilities 82 84 Bonds payable 107 120 Total liabilities 189 204 Stockholders' equity: Common stock 34 30 Retained
earnings 272 160 Total stockholders' equity 306 190 Total liabilities and stockholders' equity$495 $394 The company's net income for the year was $152 and it did not issue any bonds or repurchase any of its common stock during the year. Cash dividends were $40. The net cash provided by (used in) financing activities for the year was:
A. $4
B. ($49)
C. ($13)
D. ($40)
Answer: B
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