Solve using the T account method

PROBLEM 15-14 Prepare a Statement of Cash Flows 1015-1, 1015-2, 1015-3, 1015-4, 1015-5 Comparative financial statements for Weaver Company follows Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash and cash equivalents ......... . ......evve $ 15 Accounts receivable 340 240 Inventory..... 125 175 Prepaid expenses 10 Total current assets . 484 436 Property, plant, and equipment .. . . .. 610 470 Less accumulated depreciation . . ..... 93 85 Net properly, plant, and equipment ........ 517 385 Long-term Investments 16 19 Total assets $1.017 $840 Liabilities and Stockholders' Equity Accounts payable. $ 310 $230 Accrued liabilities 60 72 Income taxes payable . 40 34 Total current liabilities 410 336 Bonds payable .. 290 180 Total liabilities ...... 700 516 Common stock ..... 210 250 Retained earnings . . .. . 107 74 Total stockholders' equity .. 317 324 Total liabilities and stockholders' equity . ....... $1,017 $840 Weaver Company Income Statement For This Year Ended December 31 Sales .. .... $800 Cost of goods sold . . ............ 500 Gross margin ... 300 Selling and administrative expenses ...... . . 213 Net operating income . . . . . . . . .. 87 Nonoperating items: Gain on sale of investments . ...... . $7 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 and repurchased $40 of its own stock but did not retire any bonds. Required: 1, Using the indirect method, determine the net cash provided by operating activities for this year. 2. Prepare a statement of cash flows for this year