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 Year				Last Year
Assets
Cash	$	2			$	12
Accounts receivable		308				230
Inventory		157				194
Prepaid expenses		9				5
Total current assets		476				441
Property, plant, and equipment		514				436
Less accumulated depreciation		(86	)			(72	)
Net property, plant, and equipment		428				364
Long-term investments		26				32
Total assets	$	930			$	837
Liabilities and Stockholders' Equity
Accounts payable	$	302			$	225
Accrued liabilities		73				77
Income taxes payable		71				65
Total current liabilities		446				367
Bonds payable		195				172
Total liabilities		641				539
Common stock		162				201
Retained earnings		127				97
Total stockholders equity		289				298
Total liabilities and stockholders' equity	$	930			$	837

Weaver Company Income Statement For This Year Ended December 31
Sales					$	753
Cost of goods sold						445
Gross margin						308
Selling and administrative expenses						222
Net operating income						86
Nonoperating items:
Gain on sale of investments	$	7
Loss on sale of equipment		(1	)			6
Income before taxes						92
Income taxes						23
Net income					$	69

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 $6 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

2. Using the information in (1) above, 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.)