Comparative financial statements for Weaver Company follow:

During this year, Weaver sold some equipment for $$16$ that had cost $$37$ and on which there was accumulated depreciation of $$18.$ In

addition, the company sold long$-$term investments for $$26$ that had cost $$13$ when purchased several years ago. Weaver paid a cash

dividend this year and the company repurchased $$75$ of its own stock. This year Weaver did not retire any bonds.

Required:

Using the direct method, adjust the company's income statement for this year to a cash basis.

Using the information obtained in $(1)$ above, along with an analysis of the remaining balance sheet accounts, prepare a statement of

cash flows for this year.

Complete this question by entering your answers in the tabs below.

Using the direct method, adjust the company's income statement for this year to a cash basis. $($Adjustment amounts that are

to be deducted should be indicated with a minus sign.$)$