Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2015 and 2014
	2015		2014
Assets
Cash	$	11	$	11
Accounts receivable		307		231
Inventory		157		194
Prepaid expenses		8		5
Total current assets		483		441
Property, plant, and equipment		512		433
Less accumulated depreciation		(86)		(72)
Net property, plant, and equipment		426		361
Long-term investments		23		30
Total assets	$	932	$	832
Liabilities and Stockholders' Equity
Accounts payable	$	303	$	224
Accrued liabilities		71		77
Income taxes payable		74		65
Total current liabilities		448		366
Bonds payable		199		171
Total liabilities		647		537
Common stock		162		201
Retained earnings		123		94
Total stockholders equity		285		295
Total liabilities and stockholders' equity	$	932	$	832

Weaver Company Income Statement For the Year Ended December 31, 2015
Sales			$	751
Cost of goods sold				445
Gross margin				306
Selling and administrative expenses				219
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 2015, 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. A cash dividend was paid during 2015 and the company repurchased $39 of its own stock. Weaver did not retire any bonds during 2015.

1. Using the indirect method, determine the net cash provided by/used by operating activities for 2015.(Negative amount should be entered with a minus sign.)

2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2015. (List any deduction in cash and cash outflows as negative amounts.)

Weaver Company
Statement of Cash Flows - Indirect Method
For This Year Ended December 31, 2015
Operating activities:
Adjustments to convert net income to cash basis:
		0
		0
Investing activities:
		0
Financing activities:
		0
		0
Beginning cash and cash equivalents
Ending cash and cash equivalents		$0