Create a statement of cash flows with the information provided.

PROBLEM 13-7 Prepare a Statement of Cash Flows LO13-1, LO13-2 Comparative financial statements for Weaver Company follow: Weaver someony Comparte cesheet an/3 This Year Est Your a5 9 Assets Cash and cash equilvalents. $ 15 Accounts receivable 340 240 Inventory ...... 125 175 Prepaid expenses 10 Total current assets 484 436 Property, plant, and equipment ............ 610 470 Less accumulated depreciation .......... 93 Net property, plant, and equipment 517 385 Long-term Investments 16 Total assets ..... $1.017 $840 Llabilitles and Stockholders' Equity Accounts payable $ 310 $230 Accrued liabilities .... Income taxes payable ............ 34 Total current liabilities ......... 410 336 Bonds payable .... 290 Total labilities 700 516 Common stock ........ 210 250 Retained earnings .......... 107 Total stockholders' equity ........ 324 Total llabilities and stockholders' equity ..... $1.017 $840 | | | | | | | |] | | | | | | % | | *| *[ | 60 72 s0 Statement of Cash Flows $800 500 300 213 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 equipment. Income before taxes Income taxes .......... Net Income ... During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was addition, the company sold long-term investments for $10 that had cost $3 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. Required: 1. Using the indirect method, determine the net cash provided by operating activities for this year. 2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. PROBLEM 13-8 Classification of Transactions LO13-1 Below are several transactions that took place in Seneca Company last year: a. Paid suppliers for inventory purchases. b. Bought equipment for cash. c. Paid cash to repurchase its own stock. d. Collected cash from customers. Paid wages to employees. f. Equipment was sold for cash. Common stock was sold for cash to investors. h. Cash dividends were declared and paid. i. A long-term loan was made to a supplier. Income taxes were paid to the government. k. Interest was paid to a lender. 1. Bonds were retired by paying the principal amount due. Required: Prepare an answer sheet with the following headings: low cute Etc