Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year	Last Year
Assets
Cash	$ -30	$ 12
Accounts receivable	339	229
Inventory	151	195
Prepaid expenses	9	6
Total current assets	469	442
Property, plant, and equipment	510	430
Less accumulated depreciation	81	71
Net property, plant, and equipment	429	359
Long-term investments	25	32
Total assets	$ 923	$ 833
Liabilities and Stockholders' Equity
Accounts payable	$ 301	$ 225
Accrued liabilities	72	79
Income taxes payable	72	64
Total current liabilities	445	368
Bonds payable	197	171
Total liabilities	642	539
Common stock	164	202
Retained earnings	117	92
Total stockholders equity	281	294
Total liabilities and stockholders' equity	$ 923	$ 833

Weaver Company Income Statement For This Year Ended December 31
Sales		$ 754
Cost of goods sold		450
Gross margin		304
Selling and administrative expenses		221
Net operating income		83
Nonoperating items:
Gain on sale of investments	$ 5
Loss on sale of equipment	(2)	3
Income before taxes		86
Income taxes		23
Net income		$ 63

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 $7 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.

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.)