Requirement 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.)

Comparative financial statements for Weaver Company follow 10 Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current asset:s Property, plant, and equipment s 11 228 195 Part 1 of 2 308 157 473 514 86 428 435 72 363 32 0.83 points Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Skipped $926 Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total 1iabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 301 72 $225 78 65 368 170 644 530 161 28 eBook References 197 200 96 296 121 282 926 $834 Weaver Company Income Statement For This Year Ended December 31 10 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: 752 447 305 85 Part 1 of 2 Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 87 23 S 64 0.83 points Skipped 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 $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds eBook References Problem 14-7 Part 1 Required: 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash Required information Required 1. Using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.) Part 1 of 2 Weaver Company Statement of Cash Flows-Indirect Method (partial) 0.83 points eBook References Required information t of Cash For This Year Ended December 31 Operating activities: Part 2 of 2 Investing activities: 0.83 points Skipped Financing activities eBook References Beginning cash and cash equivalents Ending cash and cash equivalents