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 Last Year $ 13 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Tatal assets Liabilities and Stockholders. Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Connon stock Retained earnings Total stockholders' equity Total liabilities and stackholders' equity 5934 Weaver Company Income Statement For This Year Ended December 31 Sales Cast of soods sold Gross margin Selling and administrative expenses Net operating income Non operatine items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $6 (1) AM axes Net income During this year, 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 $13 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds Required: 1. Using the indirect method, determine the net cash provided and cash outflows as negative amounts.) in operating activities for this year. (List any deduction in cash Weaver Company Statement of Cash Flows Indirect Method (partial) X / Selling and administrative expenses Net operating income Nonoperating items! Gain on sale of investments Loss on sale of equipment Income before taxes Tncome taxes Net income During this year. 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 $13 that had cost $7 when purchased several years ago Weaver paid a cash dividend this year and the company repurchased 538 of its own stock. This year Weaver did not retire any bonds 2. Using the information in t)above, 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.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities