at December 31 This Year Last Year Assets Cash $11 $ 13 Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Leng-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current Liabilities 294 230 151 195 464 444 509 438 (81) (72) 420 356 25 1 $ 917 5833 $302 226 71 80 32 6 445 376 Bonds payable 195 171 Total liabilities 6.40 543 Common stock 161 260 Retained earnings 116 92 Total stockholders' equity 277 292 Total liabilities and stockholders equity 5917 5833 Weaver Company Income Statement for This Year Ended December 31 Sales 753 Cost of goods sole 447 Gross margin 306 Selling and adeinistrative expenses 223 Net operating inco 341 Common stock 141 200 Retained earnings 116 Total stockholders' equity 277 299 Total Liabilities and stockholders' equity 927 15 833 Weaver Company Income Statement For This Year Ended December 31 Sales 6753 Cost of goods sold Grass margin Net operating inco Nonoperating items Loss on sale of equipment Incone sefore 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 $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds. 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 outfiows as negative amounts) Faning a For The Year