Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash	$	12			$	12
Accounts receivable		292				229
Inventory		157				195
Prepaid expenses		8				6
Total current assets		469				442
Property, plant, and equipment		511				431
Less accumulated depreciation		(80	)			(71	)
Net property, plant, and equipment		431				360
Long-term investments		25				31
Total assets	$	925			$	833
Liabilities and Stockholders' Equity
Accounts payable	$	300			$	225
Accrued liabilities		72				78
Income taxes payable		72				64
Total current liabilities		444				367
Bonds payable		200				171
Total liabilities		644				538
Common stock		162				202
Retained earnings		119				93
Total stockholders equity		281				295
Total liabilities and stockholders' equity	$	925			$	833

Weaver Company Income Statement For This Year Ended December 31
Sales					$	753
Cost of goods sold						448
Gross margin						305
Selling and administrative expenses						220
Net operating income						85
Nonoperating items:
Gain on sale of investments	$	6
Loss on sale of equipment		(2)				4
Income before taxes						89
Income taxes						23
Net income					$	66

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 $40 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)
		0
		$0

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.)

Weaver Company
Statement of Cash Flows
For This Year Ended December 31
Operating activities:
Investing activities:
		0
Financing activities:
		0
		0
Beginning cash and cash equivalents
Ending cash and cash equivalents		$0