Comparative financial statements for Weaver Company follow:

Weaver Company

Comparative Balance Sheet

at December $31$

This Year Last Year

Assets

Cash $ $-24$ $ $13$

Accounts receivable $337230$

Inventory $153194$

Prepaid expenses $86$

Total current assets $474443$

Property, plant, and equipment $508430$

Less accumulated depreciation $8171$

Net property, plant, and equipment $427359$

Long$-$term investments $2632$

Total assets $ $927$ $ $834$

Liabilities and Stockholders' Equity

Accounts payable $ $305$ $ $225$

Accrued liabilities $7277$

Income taxes payable $7265$

Total current liabilities $449367$

Bonds payable $198172$

Total liabilities $647539$

Common stock $160201$

Retained earnings $12094$

Total stockholders$$ equity $280295$

Total liabilities and stockholders' equity $ $927$ $ $834$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $753$

Cost of goods sold $447$

Gross margin $306$

Selling and administrative expenses $220$

Net operating income $86$

Nonoperating items:

Gain on sale of investments $ $6$

Loss on sale of equipment $(2)4$

Income before taxes $90$

Income taxes $23$

Net income $ $67$

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 $$6$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$41$ of its own stock. This year Weaver did not retire any bonds.

Problem $13-7$ Part $1($Algo$)$

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.$)$