PROBLEM 14 - 7 Prepare a Statement of Cash Flows L014-1, L01-2 Comparative financial statements for Weaver Company follow Weaver Company Comparative Balance Sheet of December 31 This Year Last Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses $ 2 ) Total current assets Property, plant, and equipment Less accumulated depreciation. Net property, plant and equipment Long-term investments Total assets 040 f1#| #| [ | f#/#| #| #|3| # # l#| *| | | 13 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income tres payable.... Total current liabilities Bonds payable Totallibilities Common stock Retained earnings Total stockholders equity. Total liabilities and stockholders' equity Chapter 14 Weaver Company Income Statement For This Year Ended December 31 Sales # % @ Cost of goods sold Gross margin Seling and administrative expenses.... Net Operating income Nonoperating items Ganon sale of investments Los on sale of equipment Income before taxes Income taxes Net income # During this year, Weaver sold some equipment for $20 that had cost $40 and on which there was accumulated depreciation of $16. In addition, the company sold long-term invest ments for $10 that had cost $3 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 retine any bonds Required 1. Using the indirect method, determine the net cash provided by operating activities for this ar 2 Uking the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year