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Comparative financial statements for Weaver Company follow:



Weaver Company
Comparative Balance Sheet
at December 31
This Year Last Year
Assets
Cash $ -22 $ 13
Accounts receivable 336 230
Inventory 152 195
Prepaid expenses 9 5
Total current assets 475 443
Property, plant, and equipment 515 436
Less accumulated depreciation 83 72
Net property, plant, and equipment 432 364
Long-term investments 23 30
Total assets $ 930 $ 837
Liabilities and Stockholders' Equity
Accounts payable $ 305 $ 226
Accrued liabilities 71 79
Income taxes payable 74 65
Total current liabilities 450 370
Bonds payable 198 172
Total liabilities 648 542
Common stock 161 201
Retained earnings 121 94
Total stockholders’ equity 282 295
Total liabilities and stockholders' equity $ 930 $ 837


Weaver Company
Income Statement
For This Year Ended December 31
Sales $ 752
Cost of goods sold 447
Gross margin 305
Selling and administrative expenses 219
Net operating income 86
Nonoperating items:
Gain on sale of investments $ 6
Loss on sale of equipment (2) 4
Income before taxes 90
Income taxes 23
Net income $ 67


During this year, Weaver sold some equipment for $18 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 $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.)