Weaver Company Comparative Balance Sheet at December 31
	This Year			Last Year
Assets
Cash	$	17		$	26
Accounts receivable		570			360
Inventory		165			230
Prepaid expenses		8			6
Total current assets		760			622
Property, plant, and equipment		670			560
Less accumulated depreciation		70			50
Net property, plant, and equipment		600			510
Long-term investments		5			46
Total assets	$	1,365		$	1,178
Liabilities and Stockholders' Equity
Accounts payable	$	380		$	280
Accrued liabilities		30			40
Income taxes payable		83			76
Total current liabilities		493			396
Bonds payable		350			260
Total liabilities		843			656
Common stock		351			450
Retained earnings		171			72
Total stockholders equity		522			522
Total liabilities and stockholders' equity	$	1,365		$	1,178

Weaver Company Income Statement For This Year Ended December 31
Sales					$	860
Cost of goods sold						480
Gross margin						380
Selling and administrative expenses						213
Net operating income						167
Nonoperating items:
Gain on sale of investments	$	5
Loss on sale of equipment		(2	)			3
Income before taxes						170
Income taxes						51
Net income					$	119

During this year, Weaver sold some equipment for $17 that had cost $47 and on which there was accumulated depreciation of $28. In addition, the company sold long-term investments for $46 that had cost $41 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $99 of its own stock. This year Weaver did not retire any bonds.

Using the direct method, adjust the company's income statement for this year to a cash basis. (Adjustment amounts that are to be deducted should be indicated with a minus sign.) Weaver Company Direct Method of Determining the Net Cash flows from Operating activities Adjustments to a cash basis: Adjustments to a cash basis: Selling and administrative expenses Adjustments to a cash basis: Income taxes Adjustments to a cash basis: statement of cash flows for this year. (Cash outflows and amounts to be deducted should be indicated with a minus sign.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Cash received from customers Less cash disbursements for: Total cash disbursements Investing activities: Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents