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Last Year Required information [The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash $ 9 Accounts receivable 340 Inventory 125 Prepaid expenses 10 Total current assets 484 Property, plant, and equipment 610 Less accumulated depreciation 93 Net property, plant, and equipment 517 Long-term investments 16 Total assets $ 1,017 Liabilities and Stockholders' Equity Accounts payable $ 310 Accrued liabilities 60 Income taxes payable 40 Total current liabilities 410 Bonds payable 299 Total liabilities 700 Common stock 210 Retained earnings 102 Total stockholders' equity 317 Total liabilities and stockholders' equity $ 1,017 $ 15 240 175 6 436 470 85 385 19 $ 840 $ 230 72 34 336 180 516 250 74 324 $ 840 213 Weaver Company Income Statement For This Year Ended December 31 Sales $ 800 Cost of goods sold 500 Gross margin 300 Selling and administrative expenses Net operating income 87 Nonoperating items: Gain on sale of investments Loss on sale of equipment (4) 3 Income before taxes 90 Income taxes 27 Net Income $ 63 During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In addition, the company sold long-term investments for $10 that had cost $3 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. 1. Using the indirect method, determine the net cash provided by used in operating activities for this year. (List any deduction in cash outflows as negative amounts.) 2 Weaver Company Statement of Cash Flows-Indirect Method (partial) 1 nces $ 0

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