Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Cash Accounts receivable Inventory Prepaid expenses $ 9 309 156 $ 12 228 195 Total current assets 483 441 Property, plant, and equipment Less accumulated depreciation 511 (86) 431 (71) Net property, plant, and equipment 425 360 Long-term investments 26 33 Total assets $ 934 $ 834 $304 $224 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable 72 79 74 65 Total current liabilities Bonds payable 450 196 368 171 Total liabilities 646 539 Common stock Retained earnings 162201 126 94 Total stockholders' equity 288 295 Total liabilities and stockholders' equity $ 934 $ 834 Weaver Company Income Statement For the Year Ended December 31, 2015 Sales Cost of goods sold $ 753 445 308 Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment $ 5 Income before taxes Income taxes Net income $ 71 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. 2. value: 3.00 points Part 1 Required: 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 acco prepare a statement of cash flows for 2015. (List any deduction in cash and cash outflow 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: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents 3. Compute the free cash flow for Year 2. (Negative amount should be indicated by a minus sign.) Free cash flow