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need help asap! Required Information of 2 Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1. LO13-2] [The following information applies to the questions

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Required Information of 2 Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1. LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow. Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets cash $ -24 $ 12 Accounts receivable 332 230 Inventory 152 195 Prepaid expenses 6 Total current assets 468 443 Property, plant, and equipment 508 429 Less accumulated depreciation 81 71 Net property, plant, and equipment 427 358 Long-term investments 34 Total assets $ 923 $ 835 Liabilities and Stockholders' Equity Accounts payable $301 $ 225 Accrued liabilities 73 78 Income taxes payable 75 65 Total current liabilities 449 368 Bonds payable 195 171 Total liabilities 644 $39 Common stock 162 202 Retained earnings 117 94 Total stockholders equity 279 1296 Total liabilities and stockholders equity $ 923 3 835 Weaver Company Income Statement For This Year Ended December 31 Sales $ 752 cost of goods sold Gross margin 305 Selling and administrative expenses 220 Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income During this year, Weaver sold some equipment for $18 that had cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $40 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.) Weaver Company statement of Cash Flows-Indirect Method (partial) iny

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