Sonier Corporation's most recent balance sheet appears below:Comparative Balance Sheet Ending BalanceBeginning BalanceAssets: Cash and cash equivalents$26 $27 Accounts receivable 45 49 Inventory 40 43 Property, plant, and equipment 474 380 Less accumulated depreciation 269 244 Total assets$ 316 $ 255 Liabilities and stockholders' equity: Accounts payable$42 $35 Bonds payable 245 270 Common stock 71 70 Retained earnings (42) (120)Total liabilities and stockholders' equity$ 316 $ 255 The net income for the year was $97. Cash dividends were $19. The company did not issue any bonds or repurchase any of its common stock during the year. The net cash provided by (used in) financing activities for the year was:
A. ($19)
B. $1
C. ($25)
D. ($43)
Answer: D
Business
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