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Required information Skip to question [ The following information applies to the questions displayed below. ] Comparative financial statements for Weaver Company follow: Weaver Company

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[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 $ -26 $ 12
Accounts receivable 339229
Inventory 152195
Prepaid expenses 85
Total current assets 473441
Property, plant, and equipment 513434
Less accumulated depreciation 8371
Net property, plant, and equipment 430363
Long-term investments 2531
Total assets $ 928 $ 835
Liabilities and Stockholders' Equity
Accounts payable $ 302 $ 224
Accrued liabilities 7279
Income taxes payable 7364
Total current liabilities 447367
Bonds payable 199171
Total liabilities 646538
Common stock 161201
Retained earnings 12196
Total stockholders equity 282297
Total liabilities and stockholders' equity $ 928 $ 835
Weaver Company
Income Statement
For This Year Ended December 31
Sales $ 751
Cost of goods sold 448
Gross margin 303
Selling and administrative expenses 218
Net operating income 85
Nonoperating items:
Gain on sale of investments $ 7
Loss on sale of equipment (2)5
Income before taxes 90
Income taxes 25
Net income $ 65
During this year, 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. Weaver paid a cash dividend this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds.
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.)

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