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Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ - 21 $ 12 Accounts receivable 333 230 Inventory 150

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Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ - 21 $ 12 Accounts receivable 333 230 Inventory 150 195 Prepaid expenses 9 Total current assets 471 442 Property, plant, and equipment 514 435 Less accumulated depreciation 80 72 Net property, plant, and equipment 434 363 Long-term investments 26 33 Total assets $ 931 $ 838 Liabilities and Stockholders' Equity Accounts payable $ 302 $ 225 Accrued liabilities 73 80 Income taxes payable 75 64 Total current liabilities 450 369 ds payable 199 171 Total liabilities 649 540 Common stock 161 202 Retained earnings 121 96 Total stockholders' equity 287 298 Total liabilities and stockholders' equity $ 931 $ 838 Weaver Company Income Statement For This Year Ended December 31 Sales $ 753 Cost of goods sold 447 Gross margin 306 Selling and administrative expenses 219 Net operating income 87 Nonoperating items : Gain on sale of investments Loss on sale of equipment 3 Income before taxes 90 Income taxes 24 Net income $ 66 During this year, Weaver sold some equipment for $19 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 $7 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. 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.)

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