Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash and cash equivalents	$	8			$	12
Accounts receivable		294				228
Inventory		159				195
Prepaid expenses		9				5
Total current assets		470				440
Property, plant, and equipment		513				434
Less accumulated depreciation		(80	)			(71	)
Net property, plant, and equipment		433				363
Long-term investments		25				31
Total assets	$	928			$	834
Liabilities and Stockholders' Equity
Accounts payable	$	305			$	225
Accrued liabilities		73				79
Income taxes payable		74				63
Total current liabilities		452				367
Bonds payable		198				172
Total liabilities		650				539
Common stock		161				201
Retained earnings		117				94
Total stockholders equity		278				295
Total liabilities and stockholders' equity	$	928			$	834

Weaver Company Income Statement For This Year Ended December 31
Sales					$	753
Cost of goods sold						450
Gross margin						303
Selling and administrative expenses						220
Net operating income						83
Nonoperating items:
Gain on sale of investments	$	6
Loss on sale of equipment		(2	)			4
Income before taxes						87
Income taxes						24
Net income					$	63

During this year, Weaver sold some equipment for $19 that had cost $31 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 $40 of its own stock. This year Weaver did not retire any bonds.

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Problem 13-7 Part 1

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.)

Part 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.)