Help Save & Exit Submit Check my work 2 Required information [The following information applies to the questions displayed below. Part 2 of 2 Comparative financial statements for Weaver Company follow: 10 Weaver Company Comparative Balance Sheet at December 31 points This Last Year Year Assets eBook Cash 2 307 $ 12 Accounts receivable 230 Inventory Prepaid expenses 159 194 6 Print Total current assets 477 442 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 508 429 (85) 423 27- (71) 358 References 33 Total assets 927 $833 Liabilities and Stockholders' Equity Accounts payable Accrued 1iabilities Income taxes payable Total current liabilities 302 $225 70 78 73 63 445 366 Bonds payable Total liabilities 200 171 645 537 Common stock Retained earnings Total stockholders' equity Total liabi1ities and stockholders' equity 163 201 119 282 95 296 927 $833 Weaver Companu i N LIULK WUIN 2 Income Statement For This Year Ended December 31 Sales $752 of goode Gross margin Cost sold 449 303 and administrative expenses Selling operating Nonoperating Part 2 of 2 222 Net income items: sale of investments 81 Gain on $7 Loss on sale of equipment 5 86 10 (2) Incone before taxes. points cme taxes 24 Net income s 62 During this year, depreciation of $10. In addition, the company sold long-term ago. Weaver paid a cash eBook Weaver sold some equipment for $18 that had cost $30 and on which there investments for $13 that repurchased $38 of its own was accumulated had cost $6 when purchased several This year dividend years did not retire this year and the company stock Weaver any bonds. Print information in (1) above, . ( List any deduction in cash 2. Using the along with an analysis of the remaining balance sheet accounts, prepare a staterment of cash References flows for this year. outflows as negative and cash amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities Net cash used in financing activities Investing Additions to property. plant, and equipment Repurchase of common stock Proceeds from sale of long-term investments Proceeds from sale of equipment