[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	$ -15	$ 12
Accounts receivable	337	230
Inventory	151	195
Prepaid expenses	8	5
Total current assets	481	442
Property, plant, and equipment	514	435
Less accumulated depreciation	82	71
Net property, plant, and equipment	432	364
Long-term investments	24	31
Total assets	$ 937	$ 837
Liabilities and Stockholders' Equity
Accounts payable	$ 303	$ 226
Accrued liabilities	72	79
Income taxes payable	75	64
Total current liabilities	450	369
Bonds payable	199	171
Total liabilities	649	540
Common stock	164	201
Retained earnings	124	96
Total stockholders equity	288	297
Total liabilities and stockholders' equity	$ 937	$ 837

Weaver Company Income Statement For This Year Ended December 31
Sales		$ 752
Cost of goods sold		449
Gross margin		303
Selling and administrative expenses		219
Net operating income		84
Nonoperating items:
Gain on sale of investments	$ 5
Loss on sale of equipment	(2)	3
Income before taxes		87
Income taxes		22
Net income		$ 65

During this year, 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. Weaver paid a cash dividend this year and the company repurchased $37 of its own stock. This year Weaver did not retire any bonds.

Problem 13-7 Part 1 (Algo)

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.)