Comparative financial statements for Weaver Company follow:

During 2014, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $7 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $39 of its own stock. Weaver did not retire any bonds during 2014.

Required:

1. Using the indirect method, determine the net cash for operating activities for 2014. (Negative amount should be entered with a minus sign.)

2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2014. (List any deduction in cash and cash outflows as negative amounts.)

Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Assets 14 13 Cash 307 230 Accounts receivable 160 Inventory 195 Prepaid expenses Total current assets 489 507 429 Property, plant, and equipment Less accumulated depreciation (86) (11) Net property, plant, and equipment 421 358 Long-term investments 23 30 Total assets 933 832 Liabilities and Stockholders' Equity $302 $225 Accounts payable Accrued liabilities 78 Income taxes payable 74 65 Total current liabilities 447 368 Bonds payable 200 Total liabilities 647 539 Common stock 161 200 Retained earnings 125 93 Total stockholders' equity 286 293 Total liabilities and stockholders' equity 933 832