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

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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 Assets 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 This Year Last Year $ 19 $ 11 291 228 150 196 8 5 468 440 516 437 (82) (72) 434 365 25 31 $ 927 $ 836 Accounts payable $ 302 $ 225 Accrued liabilities 71 78 Income taxes payable 72 65 Total current liabilities 445 368 Bonds payable 199 171 Total liabilities 644 539 Common stock 163 201 Retained earnings 120 96 Total stockholders' equity 283 297

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