Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash and cash equivalents	$	9			$	13
Accounts receivable		299				230
Inventory		158				195
Prepaid expenses		9				6
Total current assets		475				444
Property, plant, and equipment		505				426
Less accumulated depreciation		(85	)			(71	)
Net property, plant, and equipment		420				355
Long-term investments		29				35
Total assets	$	924			$	834
Liabilities and Stockholders' Equity
Accounts payable	$	301			$	224
Accrued liabilities		72				79
Income taxes payable		71				65
Total current liabilities		444				368
Bonds payable		198				171
Total liabilities		642				539
Common stock		164				202
Retained earnings		118				93
Total stockholders equity		282				295
Total liabilities and stockholders' equity	$	924			$	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						223
Net operating income						80
Nonoperating items:
Gain on sale of investments	$	7
Loss on sale of equipment		(2	)			5
Income before taxes						85
Income taxes						22
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 $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 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.)

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash and cash equivalents	$	9			$	13
Accounts receivable		299				230
Inventory		158				195
Prepaid expenses		9				6
Total current assets		475				444
Property, plant, and equipment		505				426
Less accumulated depreciation		(85	)			(71	)
Net property, plant, and equipment		420				355
Long-term investments		29				35
Total assets	$	924			$	834
Liabilities and Stockholders' Equity
Accounts payable	$	301			$	224
Accrued liabilities		72				79
Income taxes payable		71				65
Total current liabilities		444				368
Bonds payable		198				171
Total liabilities		642				539
Common stock		164				202
Retained earnings		118				93
Total stockholders equity		282				295
Total liabilities and stockholders' equity	$	924			$	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						223
Net operating income						80
Nonoperating items:
Gain on sale of investments	$	7
Loss on sale of equipment		(2	)			5
Income before taxes						85
Income taxes						22
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 $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds.

2. Using the information in (1) above, 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.)