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Comparative financial statements for Weaver Company follow:

Weaver Company

Comparative Balance Sheet

at December $31$

This Year Last Year

Assets

Cash $ $-26$ $ $12$

Accounts receivable $339229$

Inventory $152195$

Prepaid expenses $85$

Total current assets $473441$

Property, plant, and equipment $513434$

Less accumulated depreciation $8371$

Net property, plant, and equipment $430363$

Long$-$term investments $2531$

Total assets $ $928$ $ $835$

Liabilities and Stockholders' Equity

Accounts payable $ $302$ $ $224$

Accrued liabilities $7279$

Income taxes payable $7364$

Total current liabilities $447367$

Bonds payable $199171$

Total liabilities $646538$

Common stock $161201$

Retained earnings $12196$

Total stockholders$$ equity $282297$

Total liabilities and stockholders' equity $ $928$ $ $835$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $751$

Cost of goods sold $448$

Gross margin $303$

Selling and administrative expenses $218$

Net operating income $85$

Nonoperating items:

Gain on sale of investments $ $7$

Loss on sale of equipment $(2)5$

Income before taxes $90$

Income taxes $25$

Net income $ $65$

During this year, Weaver sold some equipment for $$19$ that had cost $$31$ and on which there was accumulated depreciation of $$10.$ In addition, the company sold long$-$term investments for $$13$ that had cost $$6$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$40$ of its own stock. This year Weaver did not 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.$)$