Problem 15-7 (Algo) Prepare a Statement of Cash Flows [LO15-1, LO15-2] [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 $ 12 293 151 9 465 51e (80) 43e 25 $ 11 23e 196 5 442 431 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment LESS accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Connon stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 36e 32 5834 $ 920 $ 303 7e 22 445 196 541 162 112 279 $920 $224 79 64 367 172 539 201 94 295 $934 $ 753 weaver Company Income Statement For This Year Ended December 31 Sales cost of goods sold Gross sarcin Selling and adeinistrative expenses et operating Income Nonoperating items: Gain on sale of investients Los on sale of equipment Income before taxes Income tas Net income 447 286 223 8 $5 2 35 23 562 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 $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds Problem 15-7 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 Flow-Indirect Method fortion . 5