Question: Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 3 1 This Year Last Year Assets Cash $ - 1

Comparative financial statements for Weaver Company follow:
Weaver Company
Comparative Balance Sheet
at December 31
This Year Last Year
Assets
Cash $ -10 $ 12
Accounts receivable 332230
Inventory 152195
Prepaid expenses 86
Total current assets 482443
Property, plant, and equipment 509430
Less accumulated depreciation 8171
Net property, plant, and equipment 428359
Long-term investments 2532
Total assets $ 935 $ 834
Liabilities and Stockholders' Equity
Accounts payable $ 301 $ 225
Accrued liabilities 7279
Income taxes payable 7265
Total current liabilities 445369
Bonds payable 197172
Total liabilities 642541
Common stock 164200
Retained earnings 12993
Total stockholders equity 293293
Total liabilities and stockholders' equity $ 935 $ 834
Weaver Company
Income Statement
For This Year Ended December 31
Sales $ 754
Cost of goods sold 446
Gross margin 308
Selling and administrative expenses 218
Net operating income 90
Nonoperating items:
Gain on sale of investments $ 6
Loss on sale of equipment (2)4
Income before taxes 94
Income taxes 22
Net income $ 72
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 long-term investments for $13 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $36 of its own stock. This year Weaver did not retire any bonds.
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.)

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