1 1 of 2 Comparative financial statements for Weaver Company follow Meaver Company Comparative Balance Sheet ut December 31 B ebook Print Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-tere Investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Sonds payable Total ties Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year $30 $11 293 230 152 195 9 S 454 441 306 427 (43) (73) 423 356 27 34 $ 934 $831 $301 $225 23 28 75 64 445 367 196 170 645 537 164 201 125 93 209 294 $934 5831 25 Check my work Sales Heaver Company Income Statement For This Year Ended December 31 Cast of goods sold 12 Gross margin Selling and adxinistrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Ok Net income. inces $754 446 308 219 89 $5 (2) 92 23 $69 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 $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.) Weaver Company Check my work of 2 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) OOK $ 0 Check my work 2 ances 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.) Operating activities Investing activities Weaves Company Statement of Cash Flows For This Year Ended December 31 Financing activities < Prev 2 of 5 Next > Check my work