Assets Comparative Balance Sheet at December 31 Cash and cash equivalents Accounts receivable This YearLast Year 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' $ -25 334 $ 12 229 151 196 8 5 468 442 512 434 81 71 431 363 27 33 $ 926 $ 838 Equity Accounts payable $ 305 $ 226 Accrued liabilities 71 79 es Income taxes payable 71 65 Total current liabilities 447 370 Bonds payable 196 171 Total liabilities 643 541 Common stock 162 201 Retained earnings 121 96 Total stockholders' equity 283 297 Total liabilities and stockholders' equity $ 926 $ 838 Weaver Company Income Statement For This Year Ended December 31 Sales $ 752 Cost of goods sold 450 Gross margin 302 Selling and administrative 220 expenses Net operating income 82 Nonoperating items: Gain on sale of investments $ 7 Loss on sale of equipment (3) 4 86 22 $ 64 Income before taxes Income taxes Net income During this year, Weaver sold some equipment for $18 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 and repurchased $39 of its own stock but did not retire any bonds. 2. Prepare a statement of cash flows for this year. Note: Cash outflows and amounts to be deducted should be indicated with a minus sign. Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: