PLEASE DO BOTH REUQIRED PARTS!!!!!!!!!!!!!!!Comparative financial statements for Weaver Company follow:

During this year, Weaver sold some equipment for $$11$ that had cost $$41$ and on which there was accumulated depreciation of $$22.$ In

addition, the company sold long$-$term investments for $$34$ that had cost $$22$ when purchased several years ago. Weaver paid a cash

dividend this year and the company repurchased $$53$ of its own stock. This year Weaver did not retire any bonds.

Required:

Using the direct method, adjust the company's income statement for this year to a cash basis.

Using the information obtained in $(1)$ above, along with an analysis of the remaining balance sheet accounts, prepare a statement of

cash flows for this year.

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Using the direct method, adjust the company's income statement for this year to a cash basis. $($Adjustment amounts that are

to be deducted should be indicated with a minus sign.$)$