Comparative balance sheet at December 31 This Year Last Year Assets Cash Accounts receivable $ 19 294 $ 11 231 Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 151 194 9 6 473 442 509 430 (82) (71) 427 359 25 32 Total assets $ 925 $ 833 Liabilities and Stockholders' Equity Accounts payable $ 302 $ 225 Accrued liabilities 70 78 Income taxes payable. 74 65 Total current liabilities 446 368 Bonds payable 197 170 Total liabilities 643 538 Common stock 160 200 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 122 95 282 295 $ 925 $ 833 Weaver Company Income Statement For This Year Ended December 31 Sales $ 752 Cost of goods sold 447 Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 305 220 85 $5 (1) 4 89 22 $ 67 During this year, Weaver sold some equipment for $19 that had cost $30 and on which the depreciation of $10. In addition, the company sold long-term Investments for $12 that had years ago. Weaver paid a cash dividend this year and the company repurchased $40 of its did not retire any bonds. Problem 15-7 Part 2 (Algo) 2. Using the Information from Part 1, along with an analysis of the remaining balance sheet accou for this year. (List any deduction in cash and cash outflows as negative amounts.) Operating activities: Weaver Company Statement of Cash Flows For This Year Ended December 31 Net cash provided by operating activities Investing activities: Proceeds from sale of long-term investments Proceeds from sale of long-term investments Additions to property, plant, and equipment Net cash provided by investing activities Financing activities: Issuance of bonds payable Cash dividends paid Repurchase of common stock Net cash provided by financing activities Net increase in cash Beginning cash and cash equivalents 0 0 0 11