Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Cash $ 9 $ 12 Accounts receivable 306 228 Inventory 159 195 Prepaid expenses 8 5 Total current assets 482 440 Property, plant, and equipment 508 430 Less accumulated depreciation (85) (70) Net property, plant, and equipment 423 360 Long-term investments 26 33 Total assets $ 931 $ 833 Liabilities and Stockholders' Equity Accounts payable $ 303 $ 224 Accrued liabilities 73 80 Income taxes payable 72 64 Total current liabilities 448 368 Bonds payable 195 171 Total liabilities 643 539 Common stock 163 200 Retained earnings 125 94 Total stockholders equity 288 294 Total liabilities and stockholders' equity $ 931 $ 833

Weaver Company Income Statement For the Year Ended December 31, 2014 Sales $ 755 Cost of goods sold 446 Gross margin 309 Selling and administrative expenses 220 Net operating income 89 Nonoperating items: Gain on sale of investments $ 5 Loss on sale of equipment (1) 4 Income before taxes 93 Income taxes 25 Net income $ 68 During 2014, 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 $7 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $37 of its own stock. Weaver did not retire any bonds during 2014.

2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts prepare a statement of cash flows for 2014. (List any deduction in cash and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31, 2014 Operating activities: Adjustments to convert net income to cash basis: 0 0 Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents 0