Assets Cash tive Balance Sheet at December 31 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 This Year Last Year $ 8 $ 11 291 229 151 194 9 5 459 439 519 439 (82) (72) 437 367 24 30 $ 920 $ 836 $ 304 $ 226 71 79 74 65 449 370 199 171 648 541 160 202 112 93 272 295 $ 920 $ 836 Weaver Company Income Statement For This Year Ended December 31 Sales $ 752 450 Cost of goods sold Gross margin 302 Selling and administrative expenses 221