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Required Information [The following information applies to the questions olsplayed below.] Comparative financial statements for Weaver Company follow: Heaver Company Comparative Balance sheet at December
Required Information [The following information applies to the questions olsplayed below.] Comparative financial statements for Weaver Company follow: Heaver Company Comparative Balance sheet at December 31 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. This Year Last Year 7 $ 12 Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: Assets Cash and cash equivalents 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 Total stockholders' equity Total liabilities and stockholders' equity Financing activities: ** tela Plex2 ele alal tulel pela alla per le ***al*pl-14 2 * 3|e la pale Beginning cash and cash equivalents Ending cash and cash equivalents Heaver Company Income statement For This Year Ended December 31 Sales 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 Net income $ 7 (3) During this year, Weaver sold some equipment for $18 that had cost $31 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 palda cash dividend this year and the company repurchased $40 of its own stock. This year Weaver did not retire any bonds Using the information in M) above, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows H
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