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Comparative financial statements for Weaver Company follow:

Weaver Company

Comparative Balance Sheet

at December $31$

This Year Last Year

Assets

Cash and cash equivalents $ $-15$ $ $12$

Accounts receivable $335228$

Inventory $150195$

Prepaid expenses $85$

Total current assets $478440$

Property, plant, and equipment $510431$

Less accumulated depreciation $8171$

Net property, plant, and equipment $429360$

Long$-$term investments $2835$

Total assets $ $935$ $ $835$

Liabilities and Stockholders' Equity

Accounts payable $ $303$ $ $224$

Accrued liabilities $7379$

Income taxes payable $7464$

Total current liabilities $450367$

Bonds payable $195171$

Total liabilities $645538$

Common stock $165200$

Retained earnings $12597$

Total stockholders$$ equity $290297$

Total liabilities and stockholders' equity $ $935$ $ $835$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $754$

Cost of goods sold $449$

Gross margin $305$

Selling and administrative expenses $222$

Net operating income $83$

Nonoperating items:

Gain on sale of investments $ $6$

Loss on sale of equipment $(2)4$

Income before taxes $87$

Income taxes $24$

Net income $ $63$

During this year, Weaver sold some equipment for $$18$ that had cost $$30$ and on which there was accumulated depreciation of $$10.$ In addition, the company sold long$-$term investments for $$13$ that had cost $$7$ when purchased several years ago. Weaver paid a cash dividend and repurchased $$35$ of its own stock but did not retire any bonds.

Required:

$1.$ Using the indirect method, determine the net cash provided by$/$used in operating activities for this year.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.Required:

Using the indirect method, determine the net cash provided by$/$used in operating activities for this year

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.