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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 3 1 This Year Last Year Assets Cash $ - 2

Comparative financial statements for Weaver Company follow:
Weaver Company
Comparative Balance Sheet
at December 31
This Year Last Year
Assets
Cash $ -25 $ 11
Accounts receivable 333231
Inventory 150195
Prepaid expenses 96
Total current assets 467443
Property, plant, and equipment 509429
Less accumulated depreciation 8072
Net property, plant, and equipment 429357
Long-term investments 2734
Total assets $ 923 $ 834
Liabilities and Stockholders' Equity
Accounts payable $ 305 $ 225
Accrued liabilities 7179
Income taxes payable 7364
Total current liabilities 449368
Bonds payable 195170
Total liabilities 644538
Common stock 160201
Retained earnings 11995
Total stockholders equity 279296
Total liabilities and stockholders' equity $ 923 $ 834
Weaver Company
Income Statement
For This Year Ended December 31
Sales $ 752
Cost of goods sold 445
Gross margin 307
Selling and administrative expenses 222
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 24
Net income $ 65
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 $13 that had cost $7 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.
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.)

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