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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 This YearLast YearAssets Cash$ $ Accounts receivableInventoryPrepaid expensesTotal current assetsProperty, plant, and equipmentLess accumulated depreciationNet property, plant, and equipmentLongterm investmentsTotal assets$ $ Liabilities and Stockholders' Equity Accounts payable$ $ Accrued liabilitiesIncome taxes payableTotal current liabilitiesBonds payableTotal liabilitiesCommon stockRetained earningsTotal stockholders equityTotal liabilities and stockholders' equity$ $ Weaver CompanyIncome StatementFor This Year Ended December Sales $ Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments$ Loss on sale of equipmentIncome before taxes Income taxes Net income $ During this year, Weaver sold some equipment for $ that had cost $ and on which there was accumulated depreciation of $ In addition, the company sold longterm investments for $ that had cost $ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $ of its own stock. This year Weaver did not retire any bonds Using the information from Part along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year.
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