Weaver Company Comparative Balance Sheet at December 31 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 21 22 dere a Mal sealsafa Weaver Company Income Statement For This Year Ended December 31 Sales $751 Cost of goods sold 447 Gross margin 304 Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments $ 5 Loss on sale of equipment Income before taxes Income taxes Net income ell During this year, Weaver sold some equipment for $18 that had cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost 57 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 14-7 Part 1 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)