$[$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 $ $-22$ $ $12$

Accounts receivable $335229$

Inventory $153196$

Prepaid expenses $85$

Total current assets $474442$

Property, plant, and equipment $512432$

Less accumulated depreciation $8371$

Net property, plant, and equipment $429361$

Long$-$term investments $2733$

Total assets $ $930$ $ $836$

Liabilities and Stockholders' Equity

Accounts payable $ $304$ $ $225$

Accrued liabilities $7077$

Income taxes payable $7465$

Total current liabilities $448367$

Bonds payable $200171$

Total liabilities $648538$

Common stock $162202$

Retained earnings $12096$

Total stockholders$$ equity $282298$

Total liabilities and stockholders' equity $ $930$ $ $836$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $755$

Cost of goods sold $450$

Gross margin $305$

Selling and administrative expenses $220$

Net operating income $85$

Nonoperating items:

Gain on sale of investments $ $6$

Loss on sale of equipment $(2)4$

Income before taxes $89$

Income taxes $25$

Net income $ $64$

During this year, Weaver sold some equipment for $$19$ that had cost $$31$ and on which there was accumulated depreciation of $$10.$ In addition, the company sold long$-$term investments for $$12$ that had cost $$6$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$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 and cash outflows as negative amounts.$)2.$ Using the information from Part $1,$ 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.$)$