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[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

[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 $ -26 $ 11 Accounts receivable 339 228 Inventory 151 196 Prepaid expenses 9 6 Total current assets 473 441 Property, plant, and equipment 508 428 Less accumulated depreciation 83 71 Net property, plant, and equipment 425 357 Long-term investments 28 34 Total assets $ 926 $ 832 Liabilities and Stockholders' Equity Accounts payable $ 301 $ 224 Accrued liabilities 72 78 Income taxes payable 72 65 Total current liabilities 445 367 Bonds payable 198 170 Total liabilities 643 537 Common stock 163 200 Retained earnings 120 95 Total stockholders equity 283 295 Total liabilities and stockholders' equity $ 926 $ 832 Weaver Company Income Statement For This Year Ended December 31 Sales $ 755 Cost of goods sold 449 Gross margin 306 Selling and administrative expenses 223 Net operating income 83 Nonoperating items: Gain on sale of investments $ 6 Loss on sale of equipment (3) 3 Income before taxes 86 Income taxes 24 Net income $ 62 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 $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.)

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