Required information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver...

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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 Last Year Accounts payable Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accrued liabilities. $ -18 336 $ 13 231 153 196 8 6 479 446 505 426 82 72 423 354 26 32 $ 928 $ 832 $ 300 $ 226 73 78 Income taxes payable 74 64 Total current liabilities 447 368 Bonds payable 196 170 Total liabilities 643 538 Common stock 163 201 Retained earnings 122 93 Total stockholders' equity 285 2941 Total liabilities and stockholders' equity $ 928 $ 832 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments. Loss on sale of equipment Income before taxes Income taxes Net income $ 752 449 303 220 83 $ 7 (1) 6 89 22 $ 67 Check my work eBook During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 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 Flows-Indirect Method (partial) 0 $ 0 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 Last Year Accounts payable Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accrued liabilities. $ -18 336 $ 13 231 153 196 8 6 479 446 505 426 82 72 423 354 26 32 $ 928 $ 832 $ 300 $ 226 73 78 Income taxes payable 74 64 Total current liabilities 447 368 Bonds payable 196 170 Total liabilities 643 538 Common stock 163 201 Retained earnings 122 93 Total stockholders' equity 285 2941 Total liabilities and stockholders' equity $ 928 $ 832 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments. Loss on sale of equipment Income before taxes Income taxes Net income $ 752 449 303 220 83 $ 7 (1) 6 89 22 $ 67 Check my work eBook During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 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 Flows-Indirect Method (partial) 0 $ 0