12 Required information. [The following information applies to the questions displayed below.] Comparative financial statements for...

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12 Required information. [The following information applies to the questions displayed below.]" Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year ok Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation $ -18 336 $ 13 231 153 196 8 6 479 446 505 426 82 72 Net property, plant, and equipment Long-term investments 423 354 26 32 Total assets $ 928 $ 832 Liabilities and Stockholders' Equity Accounts payable $ 300 $ 226 Accrued liabilities 73 78 Income taxes payable 74 64 Total current liabilities 447 368 Bonds payable 196 170 Total liabilities 643 538 Common stock. 163 201 Retained earnings 122 93 Total stockholders' equity 285 294 Total liabilities and stockholders' equity $ 928 $ 832 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income. Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $ 752 449 303 220 83 $ 7 (1) 6 89 22 $ 67 1 nts During this year, 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 $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds. eBook 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.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0 12 Required information. [The following information applies to the questions displayed below.]" Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Year Last Year ok Assets Cash Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation $ -18 336 $ 13 231 153 196 8 6 479 446 505 426 82 72 Net property, plant, and equipment Long-term investments 423 354 26 32 Total assets $ 928 $ 832 Liabilities and Stockholders' Equity Accounts payable $ 300 $ 226 Accrued liabilities 73 78 Income taxes payable 74 64 Total current liabilities 447 368 Bonds payable 196 170 Total liabilities 643 538 Common stock. 163 201 Retained earnings 122 93 Total stockholders' equity 285 294 Total liabilities and stockholders' equity $ 928 $ 832 Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income. Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income $ 752 449 303 220 83 $ 7 (1) 6 89 22 $ 67 1 nts During this year, 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 $13 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds. eBook 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.) Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: 0 Financing activities: 0 0 Beginning cash and cash equivalents Ending cash and cash equivalents $ 0