[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	$	5	$	12
Accounts receivable		308		229
Inventory		155		195
Prepaid expenses		8		5
Total current assets		476		441
Property, plant, and equipment		509		431
Less accumulated depreciation		(86)		(71)
Net property, plant, and equipment		423		360
Long-term investments		24		31
Total assets	$	923	$	832
Liabilities and Stockholders' Equity
Accounts payable	$	301	$	224
Accrued liabilities		71		78
Income taxes payable		75		65
Total current liabilities		447		367
Bonds payable		197		170
Total liabilities		644		537
Common stock		161		202
Retained earnings		118		93
Total stockholders equity		279		295
Total liabilities and stockholders' equity	$	923	$	832

Weaver Company Income Statement For the Year Ended December 31, 2015
Sales			$	754
Cost of goods sold				447
Gross margin				307
Selling and administrative expenses				219
Net operating income				88
Nonoperating items:
Gain on sale of investments	$	5
Loss on sale of equipment		(2)		3
Income before taxes				91
Income taxes				25
Net income			$	66

During 2015, Weaver sold some equipment for $18 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 $41 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.)

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WorksheetLearning Objective: 12-01 Classify cash inflows and outflows as relating to operating, investing, or financing activities.

Difficulty: 2 MediumLearning Objective: 12-02 Prepare a statement of cash flows using the indirect method to determine the net cash provided by operating activities.

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2.

value: 10.00 points

Required information

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.)