Comparative financial statements for Weaver Company follow:

Weaver Company

Comparative Balance Sheet

at December $31$

This Year Last Year

Assets

Cash and cash equivalents $ $9$ $ $15$

Accounts receivable $340240$

Inventory $125175$

Prepaid expenses $106$

Total current assets $484436$

Property, plant, and equipment $610470$

Less accumulated depreciation $9385$

Net property, plant, and equipment $517385$

Long$-$term investments $1619$

Total assets $ $1,017$ $ $840$

Liabilities and Stockholders' Equity

Accounts payable $ $310$ $ $230$

Accrued liabilities $6072$

Income taxes payable $4034$

Total current liabilities $410336$

Bonds payable $290180$

Total liabilities $700516$

Common stock $210250$

Retained earnings $10774$

Total stockholders$$ equity $317324$

Total liabilities and stockholders' equity $ $1,017$ $ $840$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $800$

Cost of goods sold $500$

Gross margin $300$

Selling and administrative expenses $213$

Net operating income $87$

Nonoperating items:

Gain on sale of investments $ $7$

Loss on sale of equipment $(4)3$

Income before taxes $90$

Income taxes $27$

Net income $ $63$

During this year, Weaver sold some equipment for $$20$ that had cost $$40$ and on which there was accumulated depreciation of $$16.$ In addition, the company sold long$-$term investments for $$10$ that had cost $$3$ when purchased several years ago. Weaver paid a cash dividend and repurchased $$40$ of its own stock but did not retire any bonds.

Problem $15-14$ Part $2($Static$)$

$2.$ Prepare a statement of cash flows for this year.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign.