Comparative financial statements for Weaver Company follow: Last Year $ 13 230 195 9 6 444 427 (71) 356 Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash $ 10 Accounts receivable 293 Inventory 160 Prepaid expenses Total current assets 472 Property, plant, and equipment 505 Less accumulated depreciation (80) Net property, plant, and 425 equipment Long-term investments 27 Total assets $ 924 Liabilities and Stockholders' Equity Accounts payable $ 302 Accrued liabilities 72 Income taxes payable 71 Total current liabilities 445 Bonds payable 195 Total liabilities 640 Common stock 161 Retained earnings 123 Total stockholders' equity 284 Total liabilities and $ 924 stockholders' equity 34 $ 834 $225 78 63 366 171 537 200 97 297 $ 834 Weaver Company Income Statement For This Year Ended December 31 Sales $ 754 Cost of goods sold 446 Gross margin 308 Selling and administrative 222 expenses Net operating income 86 Nonoperating items: Gain on sale of investments $ 6 Loss on sale of equipment 3 Income before taxes 89 Income taxes 24 Net income $ 65 (3) 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 $13 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.) Weaver Company Statement of Cash FlowsIndirect Method (partial) 0 0 $ 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0