$2.$ Prepare a statement of cash flows for this year.

Note: Cash outflows and amounts to be deducted should be indicated with a minus sign. Comparative financial statements for Weaver Company follow:Weaver Company

Comparative Balance Sheet at December $31\backslash$begin$\{$tabular$\}\{|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$c$|\}\{\backslash$begin$\{$tabular$\}\{$l$\}$

Weaver Company $\backslash \backslash$

Income Statement For This Year Ended December $31$

$\backslash$end$\{$tabular$\}\}\backslash \backslash$

$\backslash$hline Sales & $\backslash$$ $752\backslash \backslash$

$\backslash$hline Cost of goods sold & $448\backslash \backslash$

$\backslash$hline Gross margin & $304\backslash \backslash$

$\backslash$hline Selling and administrative expenses & $221\backslash \backslash$

$\backslash$hline Net operating income & $83\backslash \backslash$

$\backslash$hline $\backslash$multicolumn$\{2\}\{|$l$|\}\{$Nonoperating items:$\}\backslash \backslash$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$

Gain on sale of investments $\backslash \backslash$

$\backslash$$ $7$

$\backslash$end$\{$tabular$\}$ & $\backslash \backslash$

$\backslash$hline $\backslash$begin$\{$tabular$\}\{$l$\}$

Loss on sale of equipment $\backslash \backslash$

$(1)$

$\backslash$end$\{$tabular$\}$ & $6\backslash \backslash$

$\backslash$hline Income before taxes & $89\backslash \backslash$

$\backslash$hline Income taxes & $23\backslash \backslash$

$\backslash$hline Net income & $\backslash$$ $66\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$

During this year, Weaver sold some equipment for $\backslash (\backslash$$ $19\backslash )$ that had cost $\backslash (\backslash$$ $30\backslash )$ and on which there was accumulated depreciation of $\backslash (\backslash$$ $10\backslash ).$ In addition, the company sold long$-$term investments for $\backslash (\backslash$$ $13\backslash )$ that had cost $\backslash (\backslash$$ $6\backslash )$ when purchased several years ago. Weaver paid a cash dividend and repurchased $\backslash (\backslash$$ $37\backslash )$ of its own stock but did not retire any bonds.

Problem $13-14$ Part $1($Algo$)$ Required information

$\backslash$begin$\{$tabular$\}\{|$l$|$l$|$l$|$l$|\}$

$\backslash$hline $\backslash$multicolumn$\{4\}\{|$c$|\}\{$For This Year Ended December $31\}\backslash \backslash$

$\backslash$hline Operating activities: & & & $\backslash \backslash$

$\backslash$hline Net cash provided by operating activities & & & $36\backslash \backslash$

$\backslash$hline Investing activities: & & & $\backslash \backslash$

$\backslash$hline Gain on sale of equipment & & $\backslash$$ $19\backslash \%$ & $\backslash \backslash$

$\backslash$hline Proceeds from sale of long$-$term investments & & $13($ & $\backslash \backslash$

$\backslash$hline Increase in income taxes payable & & $(78)\backslash (\backslash$times $\backslash )$ & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline Net cash provided by investing activities & & & $(46)\backslash \backslash$

$\backslash$hline Financing activities: & & & $\backslash \backslash$

$\backslash$hline Cash dividends paid & & $(46)\backslash (\backslash$times $\backslash )$ & $\backslash \backslash$

$\backslash$hline Repurchase of common stock & & $(37)$ & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline & & & $\backslash \backslash$

$\backslash$hline Net cash used in financing activities & & & $(83)\backslash \backslash$

$\backslash$hline Net decrease in cash and cash equivalents & & & $(93)\backslash \backslash$

$\backslash$hline Beginning cash and cash equivalents & & & $12\backslash \backslash$

$\backslash$hline Ending cash and cash equivalents & & & $\backslash$$ $(81)\backslash \backslash$

$\backslash$hline

$\backslash$end$\{$tabular$\}$