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The following information applies to the questions displayed below! Comparative financial statements for Weaver Company Follow Weaver Company Conparative Balance Sheet at December 31 Assets
The following information applies to the questions displayed below! Comparative financial statements for Weaver Company Follow Weaver Company Conparative Balance Sheet at December 31 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equiponent 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 5225 $914 $834 $755 Weaver Company Incone Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Niet operating income Nonoperating items: Gain on sale of investments Loss on sale of equipment Incone before taxes Income taxes Net income During this year, Weaver sold some equipment for S19 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 years ago Weaver paid a cash dividend this year and the company repurchased $38 or when purchased several w Sock 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
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