Comparative financial statements for Weaver Company follow: Heaver Company Comparative Balance sheet at December 31 This Year Last Year $ 5 306 156 8 475 508 (85) 423 25 $ 923 $ 12 229 195 6 442 439 (71) 359 32 $833 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 Gomon stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 394 70 72 446 199 645 161 117 278 $ 923 $224 78 63 365 171 536 292 95 297 $833 Heaver 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 Loss on sale of equipment Income before taxes Income taxes Net income $ 754 448 306 223 86 $ 5 (3) 2 88 25 $ 63 During this year, Weaver sold some equipment for $18 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 $41 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. (Let any deduction In cash and cash outlows as negative amounts.) Weaver Company Statement of Cash FlowsIndirect Method (partial) Net income Adjustments to convert net income to a cash basis: Depreciation Increase in accounts receivable Decrease in inventory Increase in prepaid expenses Increase in accounts payable Decrease in accrued liabilities Increase in income taxes payable Gain on sale of investments Loss on sale of equipment 0 Net cash provided by operating activities $ 0