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 This Last Year Year Assets Cash and cash equivalents 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 $ 21 $ 13 296 231 159 195 8 5 484 444 506 427 (86) (71) 420 356 27 33 $ 931 $833 Liabilities and Stockholders' Equity Accounts payable $ 304 $224 Accrued liabilities 72 78 Income taxes payable 73 65 Total current liabilities 449 367 Bonds payable 198 171 Total liabilities 647 538 Common stock 164 201 Retained earnings 120 94 Total stockholders' equity 284 295 Total liabilities and stockholders' equity $ 931 $833 Sales Weaver Company Income Statement For This Year Ended December 31 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $ 754 450 304 221 83 $ 6 (2) 4 87 24 $ 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 $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $37 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.) Weaver Company Statement of Cash Flows-Indirect Method (partial)