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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 $ $-9$ $ $11$

Accounts receivable $334230$

Inventory $152194$

Prepaid expenses $96$

Total current assets $486441$

Property, plant, and equipment $508429$

Less accumulated depreciation $8271$

Net property, plant, and equipment $426358$

Long$-$term investments $2733$

Total assets $ $939$ $ $832$

Liabilities and Stockholders' Equity

Accounts payable $ $302$ $ $224$

Accrued liabilities $7378$

Income taxes payable $7563$

Total current liabilities $450365$

Bonds payable $195170$

Total liabilities $645535$

Common stock $165201$

Retained earnings $12996$

Total stockholders$$ equity $294297$

Total liabilities and stockholders' equity $ $939$ $ $832$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $753$

Cost of goods sold $446$

Gross margin $307$

Selling and administrative expenses $218$

Net operating income $89$

Nonoperating items:

Gain on sale of investments $ $7$

Loss on sale of equipment $(3)4$

Income before taxes $93$

Income taxes $24$

Net income $ $69$

During this year, Weaver sold some equipment for $$18$ that had cost $$31$ and on which there was accumulated depreciation of $$10.$ In addition, the company sold long$-$term investments for $$13$ that had cost $$6$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$36$ 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.$)2.$ Using the information from Part $1,$ along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. $($List any deduction in cash and cash outflows as negative amounts.$)$