Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 Assets Cash 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 Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year $ -23 332 $ 12 229 152 196 8 5 469 442 505 427 82 71 423 356 26 33 $ 918 $ 831 $ 301 $ 225 73 79 71 63 445 367 195 171 640 538 161 200 117 93 278 293 $ 918 $ 831 Sales Weaver company Income Statement For This Year Ended December 31 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 $ 754 449 385 223 82 $6 (2) 4 86 23 $ 63 During this year, Weaver sold some equipment for $19 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 $7 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 flow 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: Additions to property, plant, and equipment Proceeds from sale of equipment Proceeds from sale of long-term investments 96 Net cash used in investing activities Financing activities: Issuance of bonds payable Repurchase of common stock Cash dividends paid Net cash used in financing activities Net decrease in cash Beginning cash and cash equivalents Ending cash and cash equivalents 0 0 96 $ 96