Weaver Company Comparative Balance Sheet at December 31 This Year Last Year s 24 293 151 8 476 510 (80) 430 24 $ 930 $ 12 231 194 6 443 430 (71) 359 31 $833 Assets Cash 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 $ 302 73 72 447 197 644 162 124 286 $ 930 $225 79 64 368 171 539 200 94 294 $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 $ 755 447 308 220 88 $ 5 (2) 3 91 2 of 2 2. Using the information from Part 1, 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.) 3 Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities eBook Investing activities: 0 Financing activities 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0