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Comparative financial statements for Weaver Company follow: Saved IPAL 15P1 Assets Cash $ 31 $ 11 Accounts receivable 295 230 Inventory 150 195 Prepaid expenses

Comparative financial statements for Weaver Company follow:

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Saved IPAL 15P1 Assets Cash $ 31 $ 11 Accounts receivable 295 230 Inventory 150 195 Prepaid expenses 19 Total current assets 485 441 Property, plant, and equipment 507 428 Less accumulated depreciation (83) (70 ) Net property, plant, and equipment 424 358 Long-term investments 29 Total assets $ 938 $ 834 Liabilities and Stockholders Equity Accounts payable $ 303 225 Accrued liabilities 72 79 Income taxes payable 75 64 Total current liabilities 450 368 Bonds payable 196 172 Total liabilities 646 540 Common stock 165 200 Retained earnings 127 94 Total stockholders' equity 292 294 Total liabilities and stockholders equity $ 938 $ 834 Weaver Company Income Statement For This Year Ended December 31 Sales $ 754 Cost of goods sold 1449 Gross margin 305 Selling and administrative expenses 220 Net operating income 85 Nonoperating items Gain on sale of investments Loss on sale of equipment Income before taxes 190 Income taxes 22 Net income $ 68 During this year, 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. Weaver paid a cash dividend this year and the company repurchased $35 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.)

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