Required information [The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 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 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year $ 9 $ 15 340 240 125 175 10 6 484 436 610 470 93 85 517 385 16 19 $ 1,017 $ 840 $ 310 60 40 410 290 700 210 107 317 $ 1,017 $ 230 72 34 336 180 516 250 74 324 $ 840 300 Weaver Company Income Statement For This Year Ended December 31 Sales $ 800 Cost of goods sold 500 Gross margin Selling and administrative expenses 213 Net operating income 87 Nonoperating items: Gain on sale of investments $ 7 Loss on sale of equipment 3 Income before taxes 90 Income taxes 27 Net income $ 63 During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 when purchased several years ago Weaver paid a cash divided 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 outflows as negative amounts.) Weaver Company Statement of Cash Flows-Indirect Method (partial) 0 0 $