Weaver Company Comparative Balance Sheet at December 31 This Year Last Year $ 20 293 159 480 511 (83) 428 25 $ 933 $ 11 229 196 5 441 432 (71) 361 31 $833 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment 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 $ 301 72 73 446 199 645 165 123 288 $ 933 $224 78 65 367 170 537 202 94 296 $833 Help Save & E Total liabilities and stockholders' equity $933 Che $833 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items : Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $751 448 303 220 83 $ 7 6 89 23 $ 66 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, C Problem 13-7 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 cu and cash outflows as negative amounts.) Weaver Company Statement of Cash Flows-Indirect Method (partial) roblem 13-7 Part 2 Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows or 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