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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ 29 $ 12

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
This Year Last Year
Assets
Cash $ 29 $ 12
Accounts receivable 292 231
Inventory 151 195
Prepaid expenses 9 6
Total current assets 481 444
Property, plant, and equipment 510 430
Less accumulated depreciation (83) (70)
Net property, plant, and equipment 427 360
Long-term investments 25 31
Total assets $ 933 $ 835
Liabilities and Stockholders' Equity
Accounts payable $ 303 $ 224
Accrued liabilities 72 79
Income taxes payable 74 65
Total current liabilities 449 368
Bonds payable 196 171
Total liabilities 645 539
Common stock 162 201
Retained earnings 126 95
Total stockholders equity 288 296
Total liabilities and stockholders' equity $ 933 $ 835

Weaver Company Income Statement For This Year Ended December 31
Sales $ 752
Cost of goods sold 447
Gross margin 305
Selling and administrative expenses 218
Net operating income 87
Nonoperating items:
Gain on sale of investments $ 7
Loss on sale of equipment (1) 6
Income before taxes 93
Income taxes 23
Net income $ 70

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 $13 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.

1. Using the indirect method, determine the net cash provided by/used in operating activities for this year.

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