Weaver Company
Comparative Balance Sheet
	2014	2013
Assets
Cash	$9	$15
A/R	340	240
Inventory	125	175
Prepaid Expenses	10	6
Total current assets	484	436
PPE	610	470
Less accumulated depreciation	93	85
Net PPE	517	385
Long-term investments	16	19
Total assets	$1,017	$840
Liabliites and S/E
A/P	$310	$230
Accrued Liablities	60	72
Income taxes payable	40	34
Total current liabilities	$410	$336
Bonds payable	290	180
Total liabilities	$700	$516
Common Stock	210	250
R/E	107	74
Total S/E	317	324
Total lliabilities and S/E	$1,017	$840
Weaver Company
Income Statement
For the Year Ended December 31, 2014
Sales		$800
COGS		500
Gross Margin		300
Selling and admin. Expenses		213
Net operating income		87
Nonoperating items:
Gain on sale of investments	$7
Loss on sale of equipment	-4	$3
Income before taxes		$90
Income taxes		27
Net income		$63
During 2014, Weaver sold some equipment for $20 that had cost $40 and on which there
was accumulated depreciation of $16. In addition, the company sold long-term investments
for $10 that had cost $3 when purchased several years ago. A cash dividend was paid during
2014 and the company repurchased $40 of its own stock. Weaver did not retire any bonds
during 2014.
Using the indirect method, prepare a statement of cash flows.
Weaver Company
Income Statement
For the Year Ended December 31, 2014