Comparative financial statements for Weaver Company follow:

Weaver Company

Comparative Balance Sheet

at December 31

This Year Last Year

Assets

Cash$31 $12

Accounts receivable290231

Inventory156194

Prepaid expenses86

Total current assets485443

Property, plant, and equipment509430

Less accumulated depreciation(80)(72)

Net property, plant, and equipment429358

Long-term investments2733

Total assets$941$834

Liabilities and Stockholders' Equity

Accounts payable$302$224

Accrued liabilities7179

Income taxes payable7563

Total current liabilities448366

Bonds payable199171

Total liabilities647537

Common stock164200

Retained earnings13097

Total stockholders' equity294297

Total liabilities and stockholders' equity$941$834

Weaver Company

Income Statement

For This Year Ended December 31

Sales$754

Cost of goods sold447

Gross margin307

Selling and administrative expenses221

Net operating income86

Nonoperating items:

Gain on sale of investments$7

Loss on sale of equipment(1)6

Income before taxes92

Income taxes23

Net income$69

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 $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $36 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.