Comparative financial statements for Weaver Company follow. Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 17 293 152 8 470 512 (83) 429 24 $ 12 231 195 5 443 432 (71) 361 Be $ 923 $834 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 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholdere equity $ BOR 71 75 448 197 645 161 $ 224 79 65 368 17e 558 202 94 296 278 92B $834 $ 751 446 B05 Weaver 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 221 84 $ 6 (2) 4 88 24 $ 64 During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated cepreciation 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 $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. (List any deduction in cash and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows-Indirect Method (partial) Prey CD 1 2 of 8 Next > 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 Staternent of Cash Flows-Indirect Method (partial) 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 CAU Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: 0 Financing acties W 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents 9 0