Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2014 and 2013
	2014	2013
Assets
Cash	$	8	$	12
Accounts receivable		306		230
Inventory		155		195
Prepaid expenses		9		5
Total current assets		478		442
Property, plant, and equipment		509		430
Less accumulated depreciation		(86)		(72)
Net property, plant, and equipment		423		358
Long-term investments		27		34
Total assets	$	928	$	834
Liabilities and Stockholders' Equity
Accounts payable	$	304	$	224
Accrued liabilities		72		79
Income taxes payable		71		64
Total current liabilities		447		367
Bonds payable		199		172
Total liabilities		646		539
Common stock		164		201
Retained earnings		118		94
Total stockholders equity		282		295
Total liabilities and stockholders' equity	$	928	$	834

Weaver Company Income Statement For the Year Ended December 31, 2014
Sales			$	751
Cost of goods sold				449
Gross margin				302
Selling and administrative expenses				221
Net operating income				81
Nonoperating items:
Gain on sale of investments	$	6
Loss on sale of equipment		(3)		3
Income before taxes				84
Income taxes				23
Net income			$	61

During 2014, 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. A cash dividend was paid during 2014 and the company repurchased $37 of its own stock. Weaver did not retire any bonds during 2014.

rev: 09_17_2014_QC_54316

1. value:

2.50 points Required information

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

2.	Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2014. (List any deduction in cash and cash outflows as negative amounts.)

rev: 09_17_2014_QC_54316