Part 2 of 2 2.75 points etlook 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 Last Year Assets Cash $ 13 Accounts receivable 294 230 Tnventory 152 196 Prepaid expenses 9 5 Total current assets 473 444 Property, plant, and equipment 509 430 Les accumulated depreciation (BL) (71) Net property, plant, and equipment 428 359 Long-term investments 23 30 Total assets $924 $833 Liabilities and stockholders' Equity Accounts payable 5 301 $225 Acerved liabilities 70 79 Income taxes payable 72 64 Total current liabilities 443 J6 honda payable 225 170 Total liabilities 641 538 Common stock 162 200 Betained earnings 121 95 Total stockholders' equity 283 295 Total liabilities and stockholders' equity 5924 5833 21 222 223 224 alle Part 2 of 2 Weaver Company Income statement For This Year Anded December 31 Sales Cost of goods mold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of Investments tors on sale of equipment Tecon before taxes Income taxes Net Incone $750 446 304 221 8.3 2.75 points 87 HOOR During this year Weaver sold some equipment for $18 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 $7 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 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.) 275 Doints Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: eBook Investing activities: Financing activities Beginning cash and cash equivalents Encing cash and cash equivalents