Comparative financial statements for Weaver Company follow: Assets Cash Weaver Company Comparative 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 This Year Last Year $ 17 $ 13 294 229 151 195 9 5 471 442 512 433 (81) (72) 431 361 28 34 $ 930 $ 837 $ 305 $ 226 72 79 71 65 448 370 195 171 643) 541 163 201 1 Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Weaver Company Income Statement For This Year Ended December 31 163 201 124 95 287 296 $ 930 $ 837 Sales Cost of goods sold 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 $ 752 448 304 218 86 $ 6 (1) 5 91 24 $ 67 13 During this year, Weaver sold some equipment for $19 that had cost $30 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 $38 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 outflows as negative amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31. Operating activities: Investing activities: 0 Financing activities. Required information Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents 0 0 0 $ 0 13