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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 3 1 This Year Last Year Assets Cash $ - 3

Comparative financial statements for Weaver Company follow:
Weaver Company
Comparative Balance Sheet
at December 31
This Year Last Year
Assets
Cash $ -38 $ 13
Accounts receivable 339228
Inventory 152196
Prepaid expenses 95
Total current assets 462442
Property, plant, and equipment 514436
Less accumulated depreciation 8271
Net property, plant, and equipment 432365
Long-term investments 2632
Total assets $ 920 $ 839
Liabilities and Stockholders' Equity
Accounts payable $ 301 $ 226
Accrued liabilities 7279
Income taxes payable 7165
Total current liabilities 444370
Bonds payable 195171
Total liabilities 639541
Common stock 163202
Retained earnings 11896
Total stockholders equity 281298
Total liabilities and stockholders' equity $ 920 $ 839
Weaver Company
Income Statement
For This Year Ended December 31
Sales $ 751
Cost of goods sold 449
Gross margin 302
Selling and administrative expenses 222
Net operating income 80
Nonoperating items:
Gain on sale of investments $ 6
Loss on sale of equipment (2)4
Income before taxes 84
Income taxes 23
Net income $ 61
During this year, Weaver sold some equipment for $18 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 $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.)

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