Weaver Company Comparative Balance Sheet December 31, 2014 and 2013
	2014		2013
Assets
Cash	$	-6	$	11
Accounts receivable		306		229
Inventory		160		195
Prepaid expenses		9		6
Total current assets		469		441
Property, plant, and equipment		516		438
Less accumulated depreciation		(86)		(72)
Net property, plant, and equipment		430		366
Long-term investments		24		31
Total assets	$	923	$	838
Liabilities and Stockholders' Equity
Accounts payable	$	302	$	225
Accrued liabilities		71		79
Income taxes payable		71		64
Total current liabilities		444		368
Bonds payable		198		171
Total liabilities		642		539
Common stock		160		202
Retained earnings		121		97
Total stockholders equity		281		299
Total liabilities and stockholders' equity	$	923	$	838

Weaver Company Income Statement For the Year Ended December 31, 2014
Sales			$	753
Cost of goods sold				447
Gross margin				306
Selling and administrative expenses				221
Net operating income				85
Nonoperating items:
Gain on sale of investments	$	5
Loss on sale of equipment		(1)		4
Income before taxes				89
Income taxes				23
Net income			$	66

During 2014, 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 $12 that had cost $7 when purchased several years ago. A cash dividend was paid during 2014 and the company repurchased $42 of its own stock. Weaver did not retire any bonds during 2014.

rev: 09_17_2014_QC_54316

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