Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ 14 $ 12 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 295 230 152 195 9 6 470 443 511 431 (80) (70) 431 361 28 34 $ 929 $ 838 Liabilities and Stockholders' Equity Accounts payable $ 301 $ 225 Accrued liabilities 72 78 Income taxes payable 72 65 Total current liabilities 445 368 Bonds payable 198 172 Total liabilities 643 540 Common stock 164 202 Retained earnings 122 96 Total stockholders' equity 286 298 Total liabilities and stockholders' equity $ 929 $ 838 Weaver Company Income Statement For This Year Ended December 31 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 $ 753 448 305 221 84 $ 7 (2) 5 89 25 $ 64