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Required information [The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Weaver Company at-December 31 Comparative Balance

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Required information [The following information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Weaver Company at-December 31 Comparative Balance Sheet This Year Last Year Assets Accrued liabilities Cash 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 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Total current liabilities $ 23 $ 11 294 231 151 194 9 5 477 441 514 434 (83) (71) 431 363 24 30 $ 932 $ 834 $305 $ 226 72 77 73 64 450 367 Bonds payable 195 171 Total liabilities 645 538 Common stock 163 200 Retained earnings. 124 96 Total stockholders' equity 287 296 Total liabilities and stockholders' equity $ 932 $834

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