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Problem 12-7A Prepare a Statement of Cash Flows [LO12-1, LO12-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company

Problem 12-7A Prepare a Statement of Cash Flows [LO12-1, LO12-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow:

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Problem 12-7A Prepare a Statement of Cash Flows [LO12-1, LO12-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow Weaver Company Comparative Balance Sheet December 31, 2015 and 2014 2015 2014 Assets Accounts receivable Prepaid expenses Total current assets Property, plant, and equipment 309 158 229 470 441 514 (85) (72) 436 Les Net property, plant, and equipment Long-term investments Total assets s accumulated depreciation 429 24 31 $ 923 $ 836 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable $303 $226 79 65 71 71 Total current liabilities Bonds payable 445 370 197 642 162 Total liabilities 541 201 Common stock Retained earnings 119 281 $ 923 94 295 $ 836 Total stockholders' equity Total liabilities and stockholders' equity

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