1 (The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Part 1 of 2 Weaver Company Comparative Balance Sheet at December 31 This Year Last Year 10 points eBook $ 10 293 156 9 468 511 (83) 428 27 Print $ 12 229 195 5 441 432 (72) 360 34 $ 835 References $ 923 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 304 73 72 449 196 645 162 116 278 $ 923 $ 226 78 65 369 171 540 201 94 295 $ 835 Check my wo 1 Part 1 of 2 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments $ 5 Loss on sale of equipment (2) Income before taxes Income taxes Net income $ 750 449 301 220 81 10 points 3 84 23 eBook Print $ 61 References During this year, Weaver sold some equipment for $19 that had cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.) Check my wol 1 Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.) Part 1 of 2 10 points Weaver Company Statement of Cash Flows-Indirect Method (partial) Net income Adjustments to convert net income to a cash basis: eBook Print Decrease in accrued liabilities References 0 Net cash provided by operating activities $ 0