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fvComparative financial statements for Weaver Company follow:

Weaver Company

Comparative Balance Sheet

at December $31$

This Year Last Year

Assets

Cash $ $-19$ $ $13$

Accounts receivable $331229$

Inventory $151196$

Prepaid expenses $96$

Total current assets $472444$

Property, plant, and equipment $509430$

Less accumulated depreciation $8172$

Net property, plant, and equipment $428358$

Long$-$term investments $2633$

Total assets $ $926$ $ $835$

Liabilities and Stockholders' Equity

Accounts payable $ $303$ $ $226$

Accrued liabilities $7380$

Income taxes payable $7164$

Total current liabilities $447370$

Bonds payable $199170$

Total liabilities $646540$

Common stock $161201$

Retained earnings $11994$

Total stockholders$$ equity $280295$

Total liabilities and stockholders' equity $ $926$ $ $835$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $753$

Cost of goods sold $447$

Gross margin $306$

Selling and administrative expenses $220$

Net operating income $86$

Nonoperating items:

Gain on sale of investments $ $5$

Loss on sale of equipment $(2)3$

Income before taxes $89$

Income taxes $24$

Net income $ $65$

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 $$7$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$40$ 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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