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Problem 14-7 Prepare a Statement of Cash Flows [LO14-1, LO14-2 [The following information applies to the questions displayed below. Comparative financial statements for Weaver Company

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Problem 14-7 Prepare a Statement of Cash Flows [LO14-1, LO14-2 [The following information applies to the questions displayed below. Comparative financial statements for Weaver Company follow aver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment 2 308 157 S 12 231 195 6 475 513 (85) 428 26 433 Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets (71) 362 32 $838 $ 929 5930 Liabilities and stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total 1liabilities Common stock Retained earnings Total stockholders' equity 302$225 79 65 445369 170 641539 163202 97 299 72 71 196 125 288

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