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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Cash $ 14 $ 11

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2015 and 2014
2015 2014
Assets
Cash $ 14 $ 11
Accounts receivable 306 231
Inventory 157 194
Prepaid expenses 8 6
Total current assets 485 442
Property, plant, and equipment 506 427
Less accumulated depreciation (86) (71)
Net property, plant, and equipment 420 356
Long-term investments 28 34
Total assets $ 933 $ 832
Liabilities and Stockholders' Equity
Accounts payable $ 305 $ 224
Accrued liabilities 71 78
Income taxes payable 74 65
Total current liabilities 450 367
Bonds payable 199 170
Total liabilities 649 537
Common stock 161 201
Retained earnings 123 94
Total stockholders equity 284 295
Total liabilities and stockholders' equity $ 933 $ 832

Weaver Company Income Statement For the Year Ended December 31, 2015
Sales $ 754
Cost of goods sold 446
Gross margin 308
Selling and administrative expenses 220

Net operating income 88
Nonoperating items:
Gain on sale of investments $ 7
Loss on sale of equipment (2) 5

Income before taxes 93
Income taxes 24
Net income $ 69

During 2015, Weaver sold some equipment for $19 that had cost $31 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. A cash dividend was paid during 2015 and the company repurchased $40 of its own stock. Weaver did not retire any bonds during 2015.

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.)

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