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[The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Accrued liabilities Income taxes payable Total current 1 iabilities

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[The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Accrued liabilities Income taxes payable Total current 1 iabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Tota1 liabilities and stockholders' equity \begin{tabular}{rr} 71 & 78 \\ 73 & 64 \\ \hline 445 & 368 \\ 198 & 171 \\ \hline 643 & 539 \\ \hline 161 & 202 \\ \hline 115 & 92 \\ \hline 276 & 294 \\ \hline$919 & $833 \\ \hline \end{tabular} Weaver Company Income statement For This Year Ended December 31 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating itens: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes \begin{tabular}{rr} $7 & \\ (2) & 5 \\ \hline & 88 \\ \hline \end{tabular} 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 $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $41 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.) Weaver Company Statement of Cash Flows - Indirect Method (partial)

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