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 64 0 64 Chapter 13 Online Homework Sayed 1 at December 31 This Last Year Year Assets Cash and cash equivalents Accounts receivable $ 12 S 18 298 230 Inventory Prepaid expenses 159 196 Part 1 of 2 9 Total current assets 484 444 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 503 424 (85) (71) 3.33 points 418 353 27 34 $ 929 Total assets $831 Liabilities and Stockholders Equity Accounts payable Accrued 11abilities Income taxes payable Total current liabilities S 301 $226 71 78 75 63 447 367 Bonds payable Total liabilities 198 170 645 537 Common stock Retained earnings Total stockholders' equity 164 201 Print 120 93 284 294 S929 $831 Total liabilities and stockholders' equity References Weaver Company Income Statement For This Year Ended December 31 Sales $751 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 447 304 220 84 S 6 (1) Income before taxes 89 Income taxes 25 $ 64 Net income = 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 $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $37 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.)