Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets: Property, plant, and equipment Less accumulated depreciation $-32 334 $ 13 229 151 195 B S 461 442 512 433 82 72 Net property, plant, and equipment Long-term investments 430 361 26 32 Total assets $917 $835 Liabilities and Stockholders' Equity Accounts payable $300 $225 Accrued Liabilities 71 79 Income taxes payable 73 65 Total current liabilities 444 369 Bonds payable 195 172 Total liabilities 639 541 160 201 Sales Weaver Company Income Statement For This Year Ended December 31 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $752 449 303 219 84 (2) 89 23 $ 66 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 $6 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. 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.)