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Marbry Corporation's balance sheet and income statement appear below:

Comparative Balance Sheet
	Ending Balance			Beginning Balance
Assets:
Current assets:
Cash and cash equivalents	$	64		$	46
Accounts receivable		57			65
Inventory		84			65
Total current assets		205			176
Property, plant, and equipment		575			550
Less accumulated depreciation		278			265
Net property, plant, and equipment		297			285
Total assets	$	502		$	461
Liabilities and stockholders' equity:
Current liabilities:
Accounts payable	$	77		$	60
Accrued liabilities		50			31
Income taxes payable		60			60
Total current liabilities		187			151
Bonds payable		110			150
Total liabilities		297			301
Stockholders equity:
Common stock		53			45
Retained earnings		152			115
Total stockholders equity		205			160
Total liabilities and stockholders' equity	$	502		$	461

Income Statement
Sales	$	600
Cost of goods sold		373
Gross margin		227
Selling and administrative expense		165
Net operating income		62
Gain on sale of plant and equipment		13
Income before taxes		75
Income taxes		27
Net income	$	48

Cash dividends were $11. The company did not issue any bonds or repurchase any of its own common stock during the year. The net cash provided by (used in) financing activities for the year was:

Multiple Choice

$(43)

$(40)

$8

$(11)

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