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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Cash $ 9 $ 15

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2014 and 2013
2014 2013
Assets
Cash $ 9 $ 15
Accounts receivable 340 240
Inventory 125 175
Prepaid expenses 10 6

Total current assets 484 436

Property, plant, and equipment 610 470
Less accumulated depreciation (93) (85)

Net property, plant, and equipment 517 385

Long-term investments 16 19

Total assets $ 1,017 $ 840

Liabilities and Stockholders' Equity
Accounts payable $ 310 $ 230
Accrued liabilities 60 72
Income taxes payable 40 34

Total current liabilities 410 336
Bonds payable 290 180

Total liabilities 700 516

Common stock 210 250
Retained earnings 107 74

Total stockholders equity 317 324

Total liabilities and stockholders' equity $ 1,017 $ 840

Weaver Company Income Statement For the Year Ended December 31, 2014
Sales $ 800
Cost of goods sold 500

Gross margin 300
Selling and administrative expenses 213

Net operating income 87
Nonoperating items:
Gain on sale of investments $ 7
Loss on sale of equipment (4) 3

Income before taxes 90
Income taxes 27

Net income $ 63

During 2014, Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $40 of its own stock. Weaver did not retire any bonds during 2014.image text in transcribed

Required: 1. Using the indirect method, determine the net cash for operating activities for 2014. (Negative amount should be entered with a minus sign.) Net cash provided by operating activities

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