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Please show work. Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet December 31, 2014 and 2013 2014 2013 Assets Cash $

Please show work.

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2014 and 2013
2014 2013
Assets
Cash $ 4 $ 10
Accounts receivable 250 200
Inventory 100 150
Prepaid expenses 5 3
Total current assets 359 363
Property, plant, and equipment 510 400
Less accumulated depreciation 90 50
Net property, plant, and equipment 420 350
Long-term investments 26 30
Total assets $ 805 $ 743
Liabilities and Stockholders' Equity
Accounts payable $ 220 $ 200
Accrued liabilities 35 50
Income taxes payable 72 60
Total current liabilities 327 310
Bonds payable 145 100
Total liabilities 472 410
Common stock 265 300
Retained earnings 68 33
Total stockholders equity 333 333
Total liabilities and stockholders' equity $ 805 $ 743
Weaver Company Income Statement For the Year Ended December 31, 2014
Sales $ 700
Cost of goods sold 400
Gross margin 300
Selling and administrative expenses 231
Net operating income 69
Nonoperating items:
Gain on sale of investments $ 10
Loss on sale of equipment (9) 1
Income before taxes 70
Income taxes 21
Net income $ 49

During 2014, Weaver sold some equipment for $10 that had cost $31 and on which there was accumulated depreciation of $12. In addition, the company sold long-term investments for $14 that had cost $4 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $35 of its own stock. Weaver did not retire any bonds during 2014.

Required:
1.

Using the direct method, adjust the companys income statement for 2014 to a cash basis.(Adjustment amounts that are to be deducted should be indicated with a minus sign.)

2.

Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for 2014. (Cash outflows and amounts to be deducted should be indicated with a minus si

Operating Activities
Cash received from Customers - Need Answer ????
Less Cash Disbursements
Selling and administrative expense ???
Income Tax ???
Cost of Merchandise Purchased ???
Total Cash Disbursements:
Investing Activites
Proceeds from Sale of equipment
Proceeds from Sale of Investements
Addition to plant and equipment
Net Cash Used for investing activities
Financing Activities:
Cash Dividends
Increase in common stock
Increase in bonds payable
Net Cash Provided by financing activities
Net increase/decrease in cash
Beginning Cash and equivalents
Ending Cash and equivalents

gn.)

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