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A41. Using the data below prepare, a Statement of Cash Flow (Indirect Method) for the year 2019. Weaver Company Balance Sheets At December 31 2019
A41. Using the data below prepare, a Statement of Cash Flow (Indirect Method) for the year 2019. Weaver Company Balance Sheets At December 31 2019 2018 $ Assets Cash and cash equivalents Accounts Receivable Inventory Prepaid Expenses Total current assets 9,000 340,000 125,000 10,000 484,000 15,000 240,000 175,000 6,000 436,000 Property, Plant & Equipment Accumulated Depreciation Net Property, Plant & Equipment 610,000 (93,000) 517,000 470,000 (85,000) 385,000 Long-term investment 16,000 19,000 Total Assets 1,017,000 $ 840,000 $ $ Liabilities & Stockholders' Equity Accounts Payable Accrued Liabilities Income Taxes Payable Total current liabilities 310,000 60,000 40,000 410,000 230,000 72,000 34,000 336,000 Bonds Payable Total Liabilities 290,000 700,000 180,000 516,000 Common Stock Retained Earnings Total stockholders' equity 210,000 107,000 317,000 250,000 74,000 324,000 Total Liabilities & Stockholders' Equi 1,017,000 $ 840,000 Additional facts: 1. During 2019 the Company had Net Income of $63,000. 2. In 2019 the Company sold some equipment for $20,000 that had an original cost basis of $40,000, and Accumulated Depreciation of $16,000. 3. Additionally, during 2019 the Company sold long-term investments for $10,000 that had a cost of $3,000 when purchased several years ago. 4. The Company paid a cash dividend during 2019. 5. The Company repurchased and retired $40,000 of its own stock during 2019. 6. No Bonds were retired during 2019
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