Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year	Last Year
Assets
Cash	$ 13	$ 12
Accounts receivable	294	229
Inventory	153	195
Prepaid expenses	8	6
Total current assets	468	442
Property, plant, and equipment	508	429
Less accumulated depreciation	(81)	(70)
Net property, plant, and equipment	427	359
Long-term investments	26	32
Total assets	$ 921	$ 833
Liabilities and Stockholders' Equity
Accounts payable	$ 302	$ 224
Accrued liabilities	71	79
Income taxes payable	73	64
Total current liabilities	446	367
Bonds payable	196	172
Total liabilities	642	539
Common stock	163	201
Retained earnings	116	93
Total stockholders equity	279	294
Total liabilities and stockholders' equity	$ 921	$ 833

Weaver Company Income Statement For This Year Ended December 31
Sales		$ 751
Cost of goods sold		449
Gross margin		302
Selling and administrative expenses		222
Net operating income		80
Nonoperating items:
Gain on sale of investments	$ 6
Loss on sale of equipment	(1)	5
Income before taxes		85
Income taxes		24
Net income		$ 61

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 $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds.

Problem 15-7 Part 2 (Algo)

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.)

Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents \begin{tabular}{ll} $ & 0 \\ \hline \end{tabular}