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Comparative financial statements for Weaver Company follow: Weaver CompanyComparative Balance Sheetat December 3 1 This YearLast YearAssets Cash$ - 2 8 $ 1 2 Accounts

Comparative financial statements for Weaver Company follow: Weaver CompanyComparative Balance Sheetat December 31 This YearLast YearAssets Cash$ -28$ 12Accounts receivable338229Inventory150195Prepaid expenses86Total current assets468442Property, plant, and equipment515435Less accumulated depreciation8171Net property, plant, and equipment434364Long-term investments2734Total assets$ 929$ 840Liabilities and Stockholders' Equity Accounts payable$ 302$ 226Accrued liabilities7180Income taxes payable7465Total current liabilities447371Bonds payable196171Total liabilities643542Common stock161201Retained earnings12597Total stockholders equity286298Total liabilities and stockholders' equity$ 929$ 840 Weaver CompanyIncome StatementFor This Year Ended December 31Sales $ 755Cost of goods sold 446Gross margin 309Selling and administrative expenses 220Net operating income 89Nonoperating items: Gain on sale of investments$ 5 Loss on sale of equipment(2)3Income before taxes 92Income taxes 24Net income $ 68 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 $7 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 from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year.
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