NEED HELP WITH PART 2. Provided part 1 because it is needed.

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) Net income $ 65 Adjustments to convert net income to a cash basis: Decrease in inventory $ Increase in prepaid expenses Loss on sale of equipment Gain on sale of investments Increase in accounts payable Increase in income taxes payable Increase in accounts receivable Decrease in accrued liabilities Depreciation Net cash provided by operating activities 42 (3) 2 (6) 77 8 (61) (6) 21 $ 74 139 Required information Problem 13-7 (Algo) Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 Last Year Assets Cash $ 12 229 Accounts receivable Inventory 194 6 Prepaid expenses Total current assets 441 Property, plant, and equipment 428 Less accumulated depreciation (70) 358 Net property, plant, and equipment Long-term investments 34 Total assets $833 Liabilities and Stockholders' Equity Accounts payable $ 225 Accrued liabilities 79 Income taxes payable 63 Total current liabilities 367 171 Bonds payable Total liabilities 538 Common stock 201 Retained earnings Total stockholders' equity 94 295 $833 Total liabilities and stockholders' equity Weaver Company Income Statement. For This Year Ended December 31 Sales Coat of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investmenta Loss on sale of equipment Income before taxes Income taxes Net incone 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 $13 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $36 of its own stock. This year Weaver did not retire any bonds. Problem 13-7 Part 2 (Algo) 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: 139 Net cash provided by operating activities Investing activities: Gain on sale of investments Proceeds from sale of equipment Additions to property, plant, and equipment 19 Net cash used in investing activities Financing activities: Issuance of bonds payable Repurchase of common stock Cash dividends paid Net cash used in financing activities (48) 110 Net increase in cash Beginning cash and cash equivalents Ending cash and cash equivalents 110 (2) 19 24 (36) (36) $ This Year $ 25 290 152 9 476 ZA 507 (81) 426 27 $929 $ 302 73 71 ******* ***** ***