Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 8 295 157 9 469 509 (80) 429 $ 12 229 194 5 440 430 (70) 360 34 27 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings $ 925 $834 $ 302 71 73 446 197 643 $226 78 65 369 171 540 200 94 161 121 121 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 94 294 282 $ 925 $834 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes $ 754 448 306 219 87 $ 6 (2) 4 91 25 Net income $ 66 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 $13 that had cost $7 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.) Weaver Company Statement of Cash FlowsIndirect Method (partial) Net income Decrease in inventory Decrease in accrued liabilities Depreciation Increase in accounts payable Loss on sale of equipment Gain on sale of investments Increase in prepaid expenses Increase in income taxes payable Increase in accounts receivable 0 Loss on sale of equipment Net cash provided by operating activities $ 0