Last Year Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash $ 7 Accounts receivable 309 Inventory 158 Prepaid expenses 9 Total current assets 483 Property, plant, and equipment 498 Less accumulated depreciation (85) Net property, plant, and equipment 413 Long-term investments 28 Total assets $ 924 Liabilities and Stockholders' Equity Accounts payable $ 303 Accrued liabilities 72 Income taxes payable 73 Total current liabilities 448 Bonds payable 200 Total liabilities 648 Common stock 160 Retained earnings 116 Total stockholders' equity 276 Total liabilities and stockholders' equity $ 924 $ 13 230 196 6 445 420 (70) 350 34 $829 $224 78 63 365 171 536 200 93 293 $829 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: $751 448 303 221 82