Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ 12 $ 12 Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation 291 228 151 195 9 6 463 441 508 430 (81) (71) Net property, plant, and equipment Long-term investments 427 359 24 31 Total assets $ 914 $ 831 Liabilities and Stockholders' Equity Accounts payable $ 301 $ 225 Accrued liabilities 71 77 Income taxes payable 72 64 Total current liabilities 444 366 Bonds payable 195 171 Total liabilities 639 537 Common stock 161 202 Retained earnings 114 92 Total stockholders' equity Total liabilities and stockholders' equity 275 294 $ 914 $ 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 $ 750 446 304 221 83 $ 6 (1) 88 5805 Income before taxes Income taxes Net income 25 $ 63 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 $13 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $41 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.) 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 Financing activities: Net decrease in cash Beginning cash and cash equivalents Ending cash and cash equivalents 134 EA 0 0 134 134