Required information: [The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow. Neaver Company Comparative Balance Sheet at December 31 This Year Last 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. $9 $ 15 340 240) 125 175 10 6 484 436 610 470 93 85 517 385 16 19 $1,017 $840 Liabilities and Stockholders Equity Accounts payable 310 $300 Accrued liabilitie 60 b2 Income taxes payable. 40 34 Total current liabilities 410 336 Bonds payable 290 100 Total liabilities 700 516 Common stock Retained earnings Total stockholders' equity Total Liabilities and stockholders' equity 210 250 107 74 317 324 1,017 $840 Weaver Company Income Statement For This Year Ended December 31 Sales $800 Cost of goods sold 500 Cross margin 300 netained earnings. Total stockholders' equity Total liabilities and stockholders' equity Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating incone Nonoperating items Cain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net incone 197 317 $1,017 324 $840 $ 800 500 300 213 87 $7 (4) 3 90 27 $ 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 dividend and repurchased $40 of its own stock but did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by (used in) operating activites for this year. Note: Cash outflows and amounts to be deducted should be indicated with a minus sign. Weaver Company Statement of Cash Flows-Indirect Method (partial) 5 Homework Net income Saved $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 dividend and repurchased $40 of its own stock but did not retire any bonds. Required: 1. Using the indirect method, determine the net cash provided by (used in) operating activities for this year. Note: Cash outflows and amounts to be deducted should be indicated with a minus sign. Weaver Company Statement of Cash Flows-Indirect Method (partial) 0 $ 0 Help