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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	$ 29	$ 13
Accounts receivable	292	230
Inventory	151	194
Prepaid expenses	9	6
Total current assets	481	443
Property, plant, and equipment	510	430
Less accumulated depreciation	(83)	(70)
Net property, plant, and equipment	427	360
Long-term investments	23	30
Total assets	$ 931	$ 833
Liabilities and Stockholders' Equity
Accounts payable	$ 304	$ 224
Accrued liabilities	73	80
Income taxes payable	73	63
Total current liabilities	450	367
Bonds payable	197	170
Total liabilities	647	537
Common stock	164	201
Retained earnings	120	95
Total stockholders equity	284	296
Total liabilities and stockholders' equity	$ 931	$ 833

Weaver Company Income Statement For This Year Ended December 31
Sales		$ 752
Cost of goods sold		450
Gross margin		302
Selling and administrative expenses		219
Net operating income		83
Nonoperating items:
Gain on sale of investments	$ 6
Loss on sale of equipment	(2)	4
Income before taxes		87
Income taxes		25
Net income		$ 62

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 $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $37 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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