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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 $ $-18$ $ $11$

Accounts receivable $334229$

Inventory $151195$

Prepaid expenses $85$

Total current assets $475440$

Property, plant, and equipment $517437$

Less accumulated depreciation $8272$

Net property, plant, and equipment $435365$

Long$-$term investments $2431$

Total assets $ $934$ $ $836$

Liabilities and Stockholders' Equity

Accounts payable $ $303$ $ $225$

Accrued liabilities $7277$

Income taxes payable $7365$

Total current liabilities $448367$

Bonds payable $198171$

Total liabilities $646538$

Common stock $162201$

Retained earnings $12697$

Total stockholders$$ equity $288298$

Total liabilities and stockholders' equity $ $934$ $ $836$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $753$

Cost of goods sold $447$

Gross margin $306$

Selling and administrative expenses $221$

Net operating income $85$

Nonoperating items:

Gain on sale of investments $ $6$

Loss on sale of equipment $(1)5$

Income before taxes $90$

Income taxes $22$

Net income $ $68$

During this year, Weaver sold some equipment for $$19$ that had cost $$30$ and on which there was accumulated depreciation of $$10.$ In addition, the company sold long$-$term investments for $$13$ that had cost $$7$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$39$ 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. $($Lis

Required:

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.$)$

Answer is complete but not entirely correct.