Weaver Company Comparative Balance Sheet at December 31 This Last Year Year 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 $ 15 $ 13 299 229 155 195 8 5 477 442 509 430 (85) (72) 424 358 Long-term investments 27 33 Total assets $ 928 $833 Liabilities and Stockholders' Equity Accounts payable $ 303 $226 Accrued liabilities 71 79 Income taxes payable 75 64 Total current liabilities 449 369 Bonds payable 195 170 Total liabilities 644 539 Common stock 163 201 Retained earnings 121 93 Total stockholders' equity 284 294 Total liabilities and stockholders' equity $ 928 $833 Weaver Company Income Statement For This Year Ended December 31 Sales $ 752 Cost of goods sold 449 Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 303 221 82 $ 7 (1) 6 88 22 $ 66 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 $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.) Weaver Company Statement of Cash Flows-Indirect Method (partial) S