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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Last Year Year Assets Cash $ 17 $ 13 Accounts receivable 293 230 Inventory 158 195 Prepaid expenses 8 5 Total current assets 476 443 Property, plant, and equipment 509 429 Less accumulated depreciation (80) (72) Net property, plant, and 429 357 equipment Long-term investments 25 32 Total assets $930 $832 Liabilities and Stockholders' Equity Accounts payable $303 $225 Accrued liabilities 73 79 Income taxes payable 72 63 Total current liabilities 448 367 Bonds payable 198 171 Total liabilities 646 538 Common stock 162 201 Retained earnings 122 93 Total stockholders' equity 284 294 Total liabilities and $930 $832 stockholders' equity Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold $755 447 Gross margin 308 Selling and administrative 220 expenses Net operating income 88 Nonoperating items: Gain on sale of investments $ 5 Loss on sale of equipment (2) 3 Income before taxes Income taxes Net income 91 23 $ 68 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 $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 cash and cash outflows as negative amounts.) Weaver Company Statement of Cash FlowsIndirect Method (partial) 0 $ 0 2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents

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