Comparative financial statements for Weaver Company follow:

During 2015, 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 $12 that had cost $6 when purchased several years ago. A cash dividend was paid during 2015 and the company repurchased $37 of its own stock. Weaver did not retire any bonds during 2015.?

Required:

1. Using the indirect method, determine the net cash provided by/used by operating activities for 2015. (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 2015. (List any deduction in cash and cash outflows as negative amounts.)

Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Cash Accounts receivable Inventory Prepaid expenses 310 156 9 230 196 442 429 (85) 70) 359 34 $934 $835 483 Total current assets 508 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets 423 28 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable $302 $225 78 65 71 72 445 368 Total current liabilities Bonds payable 199 644 164 539 Total liabilities 201 Common stock 95 296 $934 $835 126 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 290