[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 Cash $ 13 Accounts receivable 308 231 Inventory 195 159 Prepaid expenses Total current assets 477 444 Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments 507 428 (85) (71) 422 357 28 35 $ 927 $836 Total assets Liabilities and Stockholders' Equity Accounts payable $302 $225 Accrued liabilities 71 78 74 65 Income taxes payable Total current liabilities 447 368 Bonds payable 198 171 539 Total liabilities 645 Common stock 161 200 Retained earnings Total stockholders' equity 97 121 282 297 927 $836 Total liabilities and stockholders' equity Weaver Company Income Statement For This Year Ended December 31 Sales $750 448 Cost of qoods sold Gross margin Selling and administrative expenses 302 219 Net operating income Nonoperating items: 83 $ 5 (3) Gain on sale of investments Loss on sale of equipment 2 Income before taxes 85 22 Income taxes $63 Net income 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. 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: 0 Financing activities: 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0