Weaver Company Comparative Balance Sheet at December 31 This Year Last Year AssetS Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and s 12 228 196 386 16e 481 514 86 428 25 $ 934 442 436 72 364 31 $837 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 Total 1iabilities Common stock Retained earnings Total stockholders' equity $ 301 71 71 443 280 643 164 $225 78 64 367 172 539 281 97 298 $837 payable 291 $ 934 Total liabilities and stockholders' equit)y 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 $ 751 447 384 22e 84 Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 9e 23 $ 67 During thls year, Weaver sold some equipment for $19 that had cost $30 and on which there was accumulated depreclation of $10. In addition, the company sold long-term Investments for $13 that had cost $6 when purchased several years ago. Weaver pald a cash dividend thls year and the company repurchased $37 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 remalning balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction In cash and cash outflows as negatlve amounts.)