Comparative financial statements for

Comparative financial statements for Weaver Company follow:

Income statement:

Sales $800$

COGS $500$

Gross margin $300$

Selling and admin expenses $213$

Net operating income $87$

Nonoperating items:

Gain on sale of investments $7$

Loss on sale of equipment $(4)$

Income before taxes $90$

Income taxes $27$

Net income $63$

During this year, Weaver sold some equipment for $$20$ that had cost $$40$ and on which there was accumulated depreciation of $$16.$ In addition, the company sold long$-$term investments for $$10$ that had cost $$3$ when purchased several years ago. Weaver paid a cash dividend and repurchased $$40$ of its own stock but did not retire any bonds.

Required:

Using the indirect method, determine the net cash provided by $($used in$)$ operating activities for this year.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.