[The following information applies to the questions displayed below.]

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2015 and 2014
	2015		2014
Assets
Cash	$	-1	$	12
Accounts receivable		310		229
Inventory		155		196
Prepaid expenses		9		5
Total current assets		473		442
Property, plant, and equipment		510		431
Less accumulated depreciation		(85)		(71)
Net property, plant, and equipment		425		360
Long-term investments		27		34
Total assets	$	925	$	836
Liabilities and Stockholders' Equity
Accounts payable	$	303	$	225
Accrued liabilities		71		79
Income taxes payable		73		64
Total current liabilities		447		368
Bonds payable		196		171
Total liabilities		643		539
Common stock		161		200
Retained earnings		121		97
Total stockholders equity		282		297
Total liabilities and stockholders' equity	$	925	$	836

Weaver Company Income Statement For the Year Ended December 31, 2015
Sales			$	751
Cost of goods sold				447
Gross margin				304
Selling and administrative expenses				223
Net operating income				81
Nonoperating items:
Gain on sale of investments	$	5
Loss on sale of equipment		(1)		4
Income before taxes				85
Income taxes				22
Net income			$	63

During 2015, 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 $12 that had cost $7 when purchased several years ago. A cash dividend was paid during 2015 and the company repurchased $39 of its own stock. Weaver did not retire any bonds during 2015.

1.

value: 10.00 points

Required information

Required:

1.

Using the indirect method, determine the net cash provided by/used by operating activities for 2015. (Negative amount should be entered with a minus sign.)

2.

Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2015. (List any deduction in cash and cash outflows as negative amounts.)

Weaver Company
Statement of Cash Flows - Indirect Method
For This Year Ended December 31, 2015
Operating activities:
Adjustments to convert net income to cash basis:
Investing activities:
Financing activities:
Beginning cash and cash equivalents
Ending cash and cash equivalents