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 $ 17 Cash and cash equivalents $ 12 Accounts receivable 299 231 157 196 Inventory Prepaid expenses 482 Total current assets 444 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 513 435 (86) (72) 427 363 24 30 $ 933 $837 Total assets Liabilities and Stockholders' Equity Accounts payable $ 302 $225 Accrued liabilities 71 78 Income taxes payable 71 65 Total current liabilities 444 368 Bonds payable Total liabilities 197 171 641 539 201 Common stock 163 Retained earnings Total stockholders' equity 129 97 292 298 $ 933 $837 Total liabilities and stockholders' equity Weaver Company Income Statement For This Year Ended December 31 $ 753 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments 448 305 218 Loss on sale of equipment (1) Income before taxes 93 Income taxes 23 $ 70 Net income During this year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds. 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.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents