$ 753 449 304 218 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments $ 7 Loss on sale of equipment (2) Income before taxes Income taxes Net income 86 fi 5 91 24 $ 67 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 $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $41 of its own stock. This year Weaver did not retire any bonds. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows this year. (List any deduction in cash and cash outflows as negative amounts.) Required information (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 $ 10 294 156 8 468 511 (81) 430 28 $ 11 230 196 6 443 431 (70) 361 34 $ 926 $838 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 226 78 $ 303 73 71 447 196 643 161 122 283 64 368 172 540 202 96 298 $ 926 $ 838 136 For This Year Ended December 31 Operating activities: Net cash provided by operating activities Investing activities: Proceeds from sale of equipment $ Proceeds from sale of long-term investments Additions to property, plant, and equipment 32 Financing activities: Repurchase of common stock Issuance of bonds payable Cash dividends paid Net cash provided by financing activities 0 168 Beginning cash and cash equivalents Ending cash and cash equivalents 168