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 $ -18 $ 12
Accounts receivable 336229
Inventory 153195
Prepaid expenses 85
Total current assets 479441
Property, plant, and equipment 508429
Less accumulated depreciation 8172
Net property, plant, and equipment 427357
Long-term investments 2633
Total assets $ 932 $ 831
Liabilities and Stockholders' Equity
Accounts payable $ 304 $ 224
Accrued liabilities 7379
Income taxes payable 7364
Total current liabilities 450367
Bonds payable 195170
Total liabilities 645537
Common stock 164201
Retained earnings 12393
Total stockholders equity 287294
Total liabilities and stockholders' equity $ 932 $ 831
Weaver Company
Income Statement
For This Year Ended December 31
Sales $ 750
Cost of goods sold 446
Gross margin 304
Selling and administrative expenses 218
Net operating income 86
Nonoperating items:
Gain on sale of investments $ 6
Loss on sale of equipment (2)4
Income before taxes 90
Income taxes 23
Net income $ 67
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 $37 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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