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Required information Skip to question [ The following information applies to the questions displayed below. ] Comparative financial statements for Weaver Company follow: Weaver Company

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[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 Year Last Year
Assets
Cash $ -18 $ 13
Accounts receivable 338230
Inventory 151195
Prepaid expenses 86
Total current assets 479444
Property, plant, and equipment 508428
Less accumulated depreciation 8371
Net property, plant, and equipment 425357
Long-term investments 2633
Total assets $ 930 $ 834
Liabilities and Stockholders' Equity
Accounts payable $ 303 $ 225
Accrued liabilities 7380
Income taxes payable 7364
Total current liabilities 449369
Bonds payable 199171
Total liabilities 648540
Common stock 160201
Retained earnings 12293
Total stockholders equity 282294
Total liabilities and stockholders' equity $ 930 $ 834
Weaver Company
Income Statement
For This Year Ended December 31
Sales $ 751
Cost of goods sold 445
Gross margin 306
Selling and administrative expenses 218
Net operating income 88
Nonoperating items:
Gain on sale of investments $ 6
Loss on sale of equipment (1)5
Income before taxes 93
Income taxes 23
Net income $ 70
During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $41 of its own stock. This year Weaver did not retire any bonds.
2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.)

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