Problem 14A-6 Prepare a Statement of Cash Flows [LO14-1, LO14-4]

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet December 31, 2014 and 2013
	2014		2013
Assets
Cash	$	13	$	29
Accounts receivable		650		400
Inventory		185		250
Prepaid expenses		6		4
Total current assets		854		683
Property, plant, and equipment		710		600
Less accumulated depreciation		100		90
Net property, plant, and equipment		610		510
Long-term investments		6		50
Total assets	$	1,470	$	1,243
Liabilities and Stockholders' Equity
Accounts payable	$	420	$	300
Accrued liabilities		70		80
Income taxes payable		87		80
Total current liabilities		577		460
Bonds payable		410		300
Total liabilities		987		760
Common stock		288		400
Retained earnings		195		83
Total stockholders equity		483		483
Total liabilities and stockholders' equity	$	1,470	$	1,243

Weaver Company Income Statement For the Year Ended December 31, 2014
Sales			$	900
Cost of goods sold				500
Gross margin				400
Selling and administrative expenses				203
Net operating income				197
Nonoperating items:
Gain on sale of investments	$	10
Loss on sale of equipment		(7)		3
Income before taxes				200
Income taxes				60
Net income			$	140

During 2014, Weaver sold some equipment for $12 that had cost $51 and on which there was accumulated depreciation of $32. In addition, the company sold long-term investments for $54 that had cost $44 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $112 of its own stock. Weaver did not retire any bonds during 2014.

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 sign.)

Weaver Company
Statement of Cash Flows
For the Year Ended December 31, 2014
Operating activities:
Cash received from customers
Less cash disbursements for:
Total cash disbursements		0
		0
Investing activities:
		0
Financing activities:
		0
		0
Beginning cash and cash equivalents
Ending cash and cash equivalents		$0