Weaver Company Income Statement For This Year Ended December 31 Sales $800 500 Cost of goods sold Gross margin Selling and administrative expenses 300 213 87 Net operating income Nonoperating items: Gain on sale of investments $7 Loss on sale of equipment (4) 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. Required: 1. Using the indirect method, determine the net cash provided by operating activities for this year. 2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. Weaver Company Income Statement For This Year Ended December 31 Sales $800 500 Cost of goods sold Gross margin Selling and administrative expenses 300 213 87 Net operating income Nonoperating items: Gain on sale of investments $7 Loss on sale of equipment (4) 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. Required: 1. Using the indirect method, determine the net cash provided by operating activities for this year. 2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year