Last Year 11 Swed comparative inancial statements for weaver company tollow: Weaver Company Comparative Balance Sheet at December 31 This Your Assets Cash $ 9 Accounts receivable 340 Inventory 125 Prepaid expenses 10 Total current assets 484 Property, plant, and equipment 610 Less accumulated depreciation 93 Net property, plant, and equipment 517 Long-term investments 16 Total assets $1,017 Liabilities and Stockholders' Equity Accounts payable 5310 Accrued liabilities 60 Income taxes payable Total current liabilities 410 Bonds payable 290 Total liabilities 700 210 Common stock 107 Retained earnings Total stockholders' equity 317 51,017 Total liabilities and stockholders' equity $ 15 240 275 6 436 470 85 385 19 $ 840 $ 230 72 34 336 180 510 250 74 324 S 840 HIP Save War Company Income Statiment For This Year Ended December 11 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments $ 7 Loss on sale of equipment (4) Income before taxes Income taxes Net income $803 500 300 212 87 3 96 27 $63 During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In 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 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. (List any deduction in cash and cash outflows as negative amounts.) Weaver Company 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. (List any deduction in cash and cash outflows as negative amounts.) Wever Company Stabunt of Cash Flows For This Year Ended December 31 Operating activities Investing activities Financing activities ework Required information Operating activities Investing activities 0 Financing activities 0 0 Beginning cash and cash equivalents Ending cash and cash equivalent $ 0 8 of Next >