Required information 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 Accounts receivable 6$13 307 58195 231 Inventory Prepaid expenses Total current assets Property, plant, and equipment 47 506427 Less accumulated depreciation 71 356 H5 Net property, plant, and equipment, Long-term investments 421 252 Total assets 925 5832 Liabilities and Stockho1ders Equity Accounts payable Acerued liabilities s 305 $224 79 64 71 71 Income taxes payable Total current 1iabilities Bonds payable Total 1iabilities Comnon stock Retained earnings rotal atockholders' equity 447 196 643 162 120 367 538 93 201 282 294 $832 $ 925 Total liabilities and stockholders' equity Weaver Company Income Statenent For Thia Year Ended December 31 aver Company Income Statement For This Year Ended Decenber 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating item.s $751 447 304 f 2 85 Gain on sale of investments $ 5 Loss on ale of equipment i Incone before taxes Incone taxes Net income 54:04 s 66 During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreciation of $10, In addition, the company sold long-term investments for $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds. ok nt 2. Using the information in (1) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of nces cash flows for this year. (List any deduction in cash and cash outflows as negative amounts,) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activbies Investing actiyities 2. Using the information in (1) above, 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.) 12 Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: 53:47 Investing activities ok Financing activities nt nces Beginning cash and cash equivalents Ending cash and cash equivalents