Problem 12-7A Prepare a Statement of Cash Flows [LO12-1, LO12-2]

[The following information applies to the questions displayed below.]

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2015 and 2014
	2015		2014
Assets
Cash	$	0	$	11
Accounts receivable		308		230
Inventory		157		196
Prepaid expenses		9		5
Total current assets		474		442
Property, plant, and equipment		511		431
Less accumulated depreciation		(85)		(70)
Net property, plant, and equipment		426		361
Long-term investments		27		34
Total assets	$	927	$	837
Liabilities and Stockholders' Equity
Accounts payable	$	304	$	225
Accrued liabilities		72		79
Income taxes payable		72		64
Total current liabilities		448		368
Bonds payable		197		171
Total liabilities		645		539
Common stock		162		201
Retained earnings		120		97
Total stockholders equity		282		298
Total liabilities and stockholders' equity	$	927	$	837

Weaver Company Income Statement For the Year Ended December 31, 2015
Sales			$	754
Cost of goods sold				448
Gross margin				306
Selling and administrative expenses				222
Net operating income				84
Nonoperating items:
Gain on sale of investments	$	6
Loss on sale of equipment		(3)		3
Income before taxes				87
Income taxes				25
Net income			$	62

During 2015, 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 $13 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.

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.)