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how to calculate net cash flow provided by operating activities

Question

Lueckenhoff Corporation's most recent balance sheet appears below: 

Lueckenhoff Corporation
Comparative Balance Sheet

 

Ending
Balance

Beginning
Balance

Assets:

   

Cash and cash equivalents

$ 22

$ 19

Accounts receivable

33

30

Inventory

62

54

Property, plant and equipment

570

502

Less: accumulated depreciation

267

228

Total assets

$420

$377

Liabilities and stockholders' equity:

   

Accounts payable

$ 19

$ 12

Bonds payable

273

347

Common stock

50

42

Retained earnings

78

(24)

Total liabilities and stockholders' equity

$420

$377

 The company's net income for the year was $133 and it did not sell or retire any property, plant, and equipment during the year. Cash dividends were $31. The net 

 cash provided by (used in) operating activities for the year was:

 a. $98

 b. $35

 c. $193

 d. $168

 

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