how to calculate net cash flow provided by investing activities

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Question

Financial statements of Ansbro Corporation follow:

Ansbro Corporation Comparative Balance Sheet
	Ending Balance	Beginning Balance
Assets:
Cash and cash equivalents	$ 32	$ 29
Accounts receivable	82	80
Inventory	41	39
Property, plant and equipment	648	560
Less: accumulated depreciation	346	307
Total assets	$457	$401
Liabilities and stockholders' equity:
Accounts payable	$ 49	$ 68
Bonds payable	135	190
Common stock	92	80
Retained earnings	181	63
Total liabilities and stockholders' equity	$457	$401

Income Statement
Sales	$745
Cost of goods sold	438
Gross margin	307
Selling and administrative expenses	127
Net operating income	180
Income taxes	22
Net income	$ 158

Cash dividends were $40. The company did not dispose of any property, plant, and equipment. It did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the company's statement of cash flows.

The net cash provided by (used in) investing activities for the year was:

a. $ 88

b. $ (49)

c. $ 49

d. $ (88)

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