Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ 30 $ 11 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 290 228 152 196 8 6 480 441 510 432 (80) (71) 430 361 26 32 $ 936 $ 834 Accounts payable $ 304 $ 224 Accrued liabilities 73 79 Income taxes payable 72 64 Total current liabilities 449 367 Bonds payable 198 171 Total liabilities 647 538 Common stock 165 201 Retained earnings 124 95 Total stockholders' equity 289 296 Total liabilities and stockholders' equity $ 936 $ 834 Weaver Company Sales 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 $ 754 447 307 223 84 $ 6 (2) 00