Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year	Last Year
Assets
Cash	$ -21	$ 12
Accounts receivable	337	229
Inventory	152	195
Prepaid expenses	9	5
Total current assets	477	441
Property, plant, and equipment	510	431
Less accumulated depreciation	83	71
Net property, plant, and equipment	427	360
Long-term investments	27	33
Total assets	$ 931	$ 834
Liabilities and Stockholders' Equity
Accounts payable	$ 304	$ 225
Accrued liabilities	71	78
Income taxes payable	72	64
Total current liabilities	447	367
Bonds payable	199	171
Total liabilities	646	538
Common stock	163	200
Retained earnings	122	96
Total stockholders equity	285	296
Total liabilities and stockholders' equity	$ 931	$ 834

Weaver Company Income Statement For This Year Ended December 31
Sales		$ 752
Cost of goods sold		450
Gross margin		302
Selling and administrative expenses		219
Net operating income		83
Nonoperating items:
Gain on sale of investments	$ 6
Loss on sale of equipment	(2)	4
Income before taxes		87
Income taxes		24
Net income		$ 63

During this year, Weaver sold some equipment for $18 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 $37 of its own stock. This year Weaver did not retire any bonds.

Problem 13-7 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.