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Week #7 Homework i Saved Help Save & Exit Submit Check my work 2 Required information [The following information applies to the questions displayed below.]

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Week #7 Homework i Saved Help Save & Exit Submit Check my work 2 Required information [The following information applies to the questions displayed below.] Part 2 of 2 Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet 6.25 at December 31 points This Last Year Year Assets eBook Cash and cash equivalents $ 16 $ 11 Accounts receivable 290 231 Print Inventory 159 196 Prepaid expenses 9 5 References Total current assets 474 443 Property, plant, and equipment 508 430 Less accumulated depreciation (82) (72) Net property, plant, and equipment 426 358 Long-term investments 24 31 Total assets $ 924 $832 Liabilities and Stockholders' Equity Accounts payable $ 304 $225 Accrued liabilities 72 79 Income taxes payable 72 63 Total current liabilities 448 367 Bonds payable 195 170 Total liabilities 643 537 Common stock 163 202 Retained earnings 118 93 Total stockholders' equity 281 295 Total liabilities and stockholders' equity $ 924 $832 Mc Graw HillWeek #7 Homework 0 Saved Help Sauna. Exit Submit Check mywork Weaver Company Income Statement For This Year Ended December 3]. Sales $T52 Fart20f2 Cost of goods sold 446 _ Gross margin 386 Selling and administrative expenses 221 525 Net operatingrincome 35 ' Monoperating items: pomts Gain on sale of investments $ 5 Loss on sale of equipment [2) 3 Income before taxes 38 3395'" Income taxes 24 Pm\" Net income 5 64 References I During this year. Weaver sold some equipment for $19 that had cost $31 and on which there was accumulated depreciation of $10. In addition, the company sold longterm investments for $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds. 2. Using the information from Parti, 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 outows as negative amounts.) _m_ Eiiw

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