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. Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings This Year Last Year $ 17 $ 11 290 229 157 195 9 5 473 440 508 429 (81) (71) 427 358 27 33 $ 927 5831 $ 301 $225 72 78 71 64 444 367 198 171 642 538 162 200 123 93 285 293 $ 927 $831 Total stockholders' equity Total liabilities and stockholders' equity Sales Weaver Company Income Statement For This Year Ended December 31 Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes. Income taxes arch O | $ 7 (2) P fox < Prev 23 of 4 Next