Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Cash $ 15 $ 12 Accounts receivable 306 229 Inventory 156 194 Prepaid expenses 8 6 Total current assets 485 441 Property, plant, and equipment 507 428 Less accumulated depreciation (85) (70) Net property, plant, and equipment 422 358 Long-term investments 27 33 Total assets $ 934 $ 832 Liabilities and Stockholders' Equity Accounts payable $ 304 $ 224 Accrued liabilities 73 77 Income taxes payable 75 64 Total current liabilities 452 365 Bonds payable 196 172 Total liabilities 648 537 Common stock 164 201 Retained earnings 122 94 Total stockholders equity 286 295 Total liabilities and stockholders' equity $ 934 $ 832 Weaver Company Income Statement For the Year Ended December 31, 2015 Sales $ 753 Cost of goods sold 448 Gross margin 305 Selling and administrative expenses 220 Net operating income 85 Nonoperating items: Gain on sale of investments $ 7 Loss on sale of equipment (2) 5 Income before taxes 90 Income taxes 25 Net income $ 65 During 2015, 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 $13 that had cost $6 when purchased several years ago. A cash dividend was paid during 2015 and the company repurchased $37 of its own stock. Weaver did not retire any bonds during 2015.

Problem 12-7A Prepare a Statement of Cash Flows LO12-1, LO12-2] [The following information applies to the questions displayed below. Comparative financial statements for Weaver Company follow Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Cash Accounts receivable $ 15 $ 12 229 306 156 Prepaid expenses Total current assets Property, plant, and equipment 441 428 (85) 70) 358 485 507 Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets 422 27 $ 934 $ 832 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable $304 $224 64 365 73 75 Total current liabilities Bonds payable 452 172 Total liabilities 648 Common stock Retained earnings 94 295 $934 $ 832 Total stockholders' equity 286 Total liabilities and stockholders' equity