Weaver CompanyComparative Balance Sheetat December $31$ This YearLast YearAssets Cash$ $-28$$ $12$Accounts receivable$338229$Inventory$150195$Prepaid expenses$86$Total current assets$468442$Property, plant, and equipment$515435$Less accumulated depreciation$8171$Net property, plant, and equipment$434364$Long$-$term investments$2734$Total assets$ $929$$ $840$Liabilities and Stockholders' Equity Accounts payable$ $302$$ $226$Accrued liabilities$7180$Income taxes payable$7465$Total current liabilities$447371$Bonds payable$196171$Total liabilities$643542$Common stock$161201$Retained earnings$12597$Total stockholders equity$286298$Total liabilities and stockholders' equity$ $929$$ $840$ Weaver CompanyIncome StatementFor This Year Ended December $31$Sales $ $755$Cost of goods sold $446$Gross margin $309$Selling and administrative expenses $220$Net operating income $89$Nonoperating items: Gain on sale of investments$ $5$ Loss on sale of equipment$(2)3$Income before taxes $92$Income taxes $24$Net income $ $68$ During this year, Weaver sold some equipment for $$18$ that had cost $$30$ and on which there was accumulated depreciation of $$10.$ In addition, the company sold long$-$term investments for $$12$ that had cost $$7$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$40$ of its own stock. This year Weaver did not retire any bonds.