Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2014 and 2013
	2014		2013
Assets
Cash	$	19	$	24
Accounts receivable		530		340
Inventory		155		220
Prepaid expenses		6		4
Total current assets		710		588
Property, plant, and equipment		650		540
Less accumulated depreciation		100		90
Net property, plant, and equipment		550		450
Long-term investments		9		44
Total assets	$	1,269	$	1,082
Liabilities and Stockholders' Equity
Accounts payable	$	360	$	270
Accrued liabilities		60		70
Income taxes payable		81		74
Total current liabilities		501		414
Bonds payable		340		240
Total liabilities		841		654
Common stock		254		350
Retained earnings		174		78
Total stockholders equity		428		428
Total liabilities and stockholders' equity	$	1,269	$	1,082

Weaver Company Income Statement For the Year Ended December 31, 2014
Sales			$	840
Cost of goods sold				470
Gross margin				370
Selling and administrative expenses				213
Net operating income				157
Nonoperating items:
Gain on sale of investments	$	7
Loss on sale of equipment		(4)		3
Income before taxes				160
Income taxes				48
Net income			$	112

During 2014, Weaver sold some equipment for $15 that had cost $45 and on which there was accumulated depreciation of $26. In addition, the company sold long-term investments for $42 that had cost $35 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $96 of its own stock. Weaver did not retire any bonds during 2014.

Required:
1.	Using the direct method, adjust the companys income statement for 2014 to a cash basis. (Adjustment amounts that are to be deducted should be indicated 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 2014. (Cash outflows and amounts to be deducted should be indicated with a minus sign.)