Required information Problem 13-7 Prepare a Statement of Cash Flows [LO13-1, LO13-2] [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Last Year Year Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets $ 16 $ 12 291 228 159 195 8 5 474 440 509 431 (82) (71) 427 360 27 34 $ 928 $834 Liabilities and Stockholders' Equity Accounts payable $ 303 $226 Accrued liabilities 72 79 Income taxes payable 71 64 Total current liabilities 446 369 Bonds payable 195 172 Total liabilities 641 541 Common stock 164 200 Retained earnings 123 93 Total stockholders' equity 287 293 Total liabilities and stockholders' equity $ 928 $834 Weaver Company Income Statement 8