[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 Assets Cash $ -22 $ 12 Accounts receivable 335 229 Inventory 153 196 Prepaid expenses 8 5 Total current assets 474 442 Property, plant, and equipment 512 432 Less accumulated depreciation 83 71 Net property, plant, and equipment 429 361 Long-term investments 27 33 Total assets $ 930 $ 836 Liabilities and Stockholders' Equity Accounts payable $ 304 $ 225 Accrued liabilities 70 77 Income taxes payable 74 65 Total current liabilities 448 367 Bonds payable 200 171 Total liabilities 648 538 Common stock 162 202 Retained earnings 120 96 Total stockholders’ equity 282 298 Total liabilities and stockholders' equity $ 930 $ 836 Weaver Company Income Statement For This Year Ended December 31 Sales $ 755 Cost of goods sold 450 Gross margin 305 Selling and administrative expenses 220 Net operating income 85 Nonoperating items: Gain on sale of investments $ 6 Loss on sale of equipment (2) 4 Income before taxes 89 Income taxes 25 Net income $ 64 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 $12 that had cost $6 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/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.) 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.)