Weaver Company Comparative Balance Sheet at December 31

Assets
Cash	$	20			$	12
Accounts receivable		290				228
Inventory		150				195
Prepaid expenses		8				5
Total current assets		468				440
Property, plant, and equipment		518				439
Less accumulated depreciation		(82	)			(71	)
Net property, plant, and equipment		436				368
Long-term investments		24				30
Total assets	$	928			$	838
Liabilities and Stockholders' Equity
Accounts payable	$	303			$	225
Accrued liabilities		71				80
Income taxes payable		75				65
Total current liabilities		449				370
Bonds payable		198				172
Total liabilities		647				542
Common stock		162				200
Retained earnings		119				96
Total stockholders equity		281				296
Total liabilities and stockholders' equity	$	928			$	838

Weaver Company Income Statement For This Year Ended December 31

Sales					$	750
Cost of goods sold						449
Gross margin						301
Selling and administrative expenses						222
Net operating income						79
Nonoperating items:
Gain on sale of investments	$	7
Loss on sale of equipment		(2	)			5
Income before taxes						84
Income taxes						23
Net income					$	61

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 $38 of its own stock. This year Weaver did not retire any bonds.

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Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash	$	20			$	12
Accounts receivable		290				228
Inventory		150				195
Prepaid expenses		8				5
Total current assets		468				440
Property, plant, and equipment		518				439
Less accumulated depreciation		(82	)			(71	)
Net property, plant, and equipment		436				368
Long-term investments		24				30
Total assets	$	928			$	838
Liabilities and Stockholders' Equity
Accounts payable	$	303			$	225
Accrued liabilities		71				80
Income taxes payable		75				65
Total current liabilities		449				370
Bonds payable		198				172
Total liabilities		647				542
Common stock		162				200
Retained earnings		119				96
Total stockholders equity		281				296
Total liabilities and stockholders' equity	$	928			$	838

Weaver Company Income Statement For This Year Ended December 31
Sales					$	750
Cost of goods sold						449
Gross margin						301
Selling and administrative expenses						222
Net operating income						79
Nonoperating items:
Gain on sale of investments	$	7
Loss on sale of equipment		(2	)			5
Income before taxes						84
Income taxes						23
Net income					$	61

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 $38 of its own stock. This year Weaver did not retire any bonds.

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.)