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 and cash equivalents	$	22			$	11
Accounts receivable		292				230
Inventory		156				195
Prepaid expenses		8				5
Total current assets		478				441
Property, plant, and equipment		511				433
Less accumulated depreciation		(81	)			(71	)
Net property, plant, and equipment		430				362
Long-term investments		24				30
Total assets	$	932			$	833
Liabilities and Stockholders' Equity
Accounts payable	$	301			$	225
Accrued liabilities		73				77
Income taxes payable		73				63
Total current liabilities		447				365
Bonds payable		200				171
Total liabilities		647				536
Common stock		161				200
Retained earnings		124				97
Total stockholders equity		285				297
Total liabilities and stockholders' equity	$	932			$	833

Weaver Company Income Statement For This Year Ended December 31
Sales					$	752
Cost of goods sold						446
Gross margin						306
Selling and administrative expenses						219
Net operating income						87
Nonoperating items:
Gain on sale of investments	$	6
Loss on sale of equipment		(3	)			3
Income before taxes						90
Income taxes						24
Net income					$	66

During this year, Weaver sold some equipment for $18 that had cost $31 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 $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. (List any deduction in cash and cash outflows as negative amounts.)