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Requlred Informetlon The following information applies to the questions displayed below Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December
Requlred Informetlon 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 Year Last Year Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets s 12 228 196 386 168 481 514 86 442 436 72 364 plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets 25 934 $837 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 225 78 64 367 172 539 281 97 381 71 443 28e 643 164 2 291 934 $837 Total liabilities and stockholders' equity Weaver Company Income Statement For This Year Ended December 31 $ 751 447 304 228 84 Sales Cost of goods sold Gross margin Selling and administrative expenses Net Nonoperating items operating income Gain on sale of investments Loss on sale of equipment a 6 Income before taxes Income taxes Net income ge 23 s 67 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 $37 of its own stock. This year Weaver did not retire any bonds. Requlrec 1. Using the indirect method, determine the net cash provided bylused in operating activities for this year. (List any deductlon In cash and cash outflows as negetive amounts.)
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