dents Home Connect Saved Problem 14-7 Prepare a Statement of Cash Flows (LO14-1, LO14-2] (The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow. Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 17 293 155 8 473 506 (81) 425 28 $ 926 $ 12 230 194 6 442 427 (71) 356 34 $832 Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 303 72 72 447 199 646 161 119 280 $ 926 $225 78 63 366 172 538 201 294 $932 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income $ 752 447 305 220 85 Nes 10 11 of 12