Last Year $ 13 229 195 Required Information [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 Assets Cash and cash equivalents $ 15 Accounts receivable 299 Inventory 155 Prepaid expenses 8 Total current assets 477 Property, plant, and equipment 509 Less accumulated depreciation (85) Net property, plant, and equipment 424 Long-term investments Total assets $ 928 Liabilities and Stockholders' Equity Accounts payable $ 303 Accrued liabilities 71 Income taxes payable 75 Total current liabilities 449 Bonds payable 195 Total liabilities 644 Common stock 163 Retained earnings 121 Total stockholders' equity 284 Total liabilities and stockholders' equity $ 928 Taltepe laldaselt 442 430 (72) 358 $833 $226 79 64 369 170 539 201 93 294 $833 Weaver Company Income Statement For This Year Ended December 31 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 $ 752 449 303 221 82 so (1) oslal 6 88 22 $ 66 During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term Investments for $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds. 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. (Llst any deduction In cash and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Net cash provided by operating activities Investing activities: Proceeds from sale of long-term investments Proceeds from sale of equipment Additions to property, plant, and equipment 0 Financing activities: Issuance of bonds payable Repurchase of common stock Cash dividends paid 0 0 Net cash used in financing activities Net increase in cash and cash equivalents Beginning cash and cash equivalents Ending cash and cash equivalents $ 0