LUULIV LIRILIIS TU WYLOVLI LO ony TVIRU . Weaver Company Comparative Balance Sheet at December 31 Year $ 3. 207 230 196 442 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 474 511 (85) 426 24 (71) 361 30 $ 924 $833 $ 303 71 $225 ~ r: ~ ~ ~ Required information 1 to SD 303 Liabilities and Stockholders 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 $225 71 72 446366 172 644538 162 202 118 280 295 198 93 924 $833 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selline and administrative expenses 447 303 220 e to search 00W Help $ 6 Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 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 $12 that had cost $6 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. Problem 14-7 Part 2 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 (List any deduction in cash and cash outflows as negative amounts.) Problem 14-7 Part 2 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. (List any deduction in cash and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities Investing activities Financing activities Required information Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents Preu Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cas and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows Indirect Method (partial)