Comparative financial statements for Weaver Company follow:

Weaver Company

Comparative Balance Sheet

at December 31This YearLast YearAssetsCash$9$15Accounts receivable340240Inventory125175Prepaid expenses106Total current assets484436Property, plant, and equipment610470Less accumulated depreciation9385Net property, plant, and equipment517385Long-term investments1619Total assets$1,017$840Liabilities and Stockholders' EquityAccounts payable$310$230Accrued liabilities6072Income taxes payable4034Total current liabilities410336Bonds payable290180Total liabilities700516Common stock210250Retained earnings10774Total stockholders' equity317324Total liabilities and stockholders' equity$1,017$840

Weaver Company

Income Statement

For This Year Ended December 31Sales$800Cost of goods sold500Gross margin300Selling and administrative expenses213Net operating income87Nonoperating items:Gain on sale of investments$7Loss on sale of equipment(4)3Income before taxes90Income taxes27Net 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 this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds.

2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year