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Weaver Company Comparative Balance Sheet at December 31 Assets This Year Last Year Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and
Weaver Company Comparative Balance Sheet at December 31 Assets This Year Last Year 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 \begin{tabular}{rr} $18 & $12 \\ 293 & 229 \\ 153 & 194 \\ 9 & 5 \\ \hline 473 & 440 \\ \hline 514 & 435 \\ (81) & (70) \\ \hline 433 & 365 \\ \hline 28 & 35 \\ \hline$934 & $840 \\ \hline & \\ $304 & $226 \\ 73 & 80 \\ 72 & 65 \\ \hline 449 & 371 \\ 197 & 172 \\ \hline 646 & 543 \\ \hline 162 & 201 \\ 126 & 96 \\ \hline 288 & 297 \\ \hline$934 & $840 \\ \hline \end{tabular} 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 severai years ago. Weaver paid a cash dividend this year and the company repurchased $39 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 cas) and cash outflows as negative amounts.)
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