Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash and cash equivalents	$	21			$	11
Accounts receivable		297				229
Inventory		156				195
Prepaid expenses		8				5
Total current assets		482				440
Property, plant, and equipment		507				429
Less accumulated depreciation		(86	)			(72	)
Net property, plant, and equipment		421				357
Long-term investments		27				34
Total assets	$	930			$	831
Liabilities and Stockholders' Equity
Accounts payable	$	305			$	224
Accrued liabilities		70				78
Income taxes payable		73				63
Total current liabilities		448				365
Bonds payable		198				170
Total liabilities		646				535
Common stock		161				201
Retained earnings		123				95
Total stockholders equity		284				296
Total liabilities and stockholders' equity	$	930			$	831

Weaver Company Income Statement For This Year Ended December 31
Sales					$	755
Cost of goods sold						447
Gross margin						308
Selling and administrative expenses						221
Net operating income						87
Nonoperating items:
Gain on sale of investments	$	5
Loss on sale of equipment		(1	)			4
Income before taxes						91
Income taxes						23
Net income					$	68

During this year, Weaver sold some equipment for $19 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 $7 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.)

[The following information applies to the questions displayed below.]

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash and cash equivalents	$	21			$	11
Accounts receivable		297				229
Inventory		156				195
Prepaid expenses		8				5
Total current assets		482				440
Property, plant, and equipment		507				429
Less accumulated depreciation		(86	)			(72	)
Net property, plant, and equipment		421				357
Long-term investments		27				34
Total assets	$	930			$	831
Liabilities and Stockholders' Equity
Accounts payable	$	305			$	224
Accrued liabilities		70				78
Income taxes payable		73				63
Total current liabilities		448				365
Bonds payable		198				170
Total liabilities		646				535
Common stock		161				201
Retained earnings		123				95
Total stockholders equity		284				296
Total liabilities and stockholders' equity	$	930			$	831

Weaver Company Income Statement For This Year Ended December 31
Sales					$	755
Cost of goods sold						447
Gross margin						308
Selling and administrative expenses						221
Net operating income						87
Nonoperating items:
Gain on sale of investments	$	5
Loss on sale of equipment		(1	)			4
Income before taxes						91
Income taxes						23
Net income					$	68

During this year, Weaver sold some equipment for $19 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 $7 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.

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.)