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Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year 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 this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds. roblem 15-7 Part 1 Required: Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash futflows as negative amounts.) 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 this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds. roblem 15-7 Part 1 Required: Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash futflows as negative amounts.)

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