Question: Please help me make a statement of cash flows using the indirect method. Weaver Company Income statement For This Year Ended December 31 Sales $753

 Please help me make a statement of cash flows using the

Please help me make a statement of cash flows using the indirect method.

indirect method. Weaver Company Income statement For This Year Ended December 31Sales $753 Cost of goods sold 447 Gross margin 306 Selling and

Weaver Company Income statement For This Year Ended December 31 Sales $753 Cost of goods sold 447 Gross margin 306 Selling and administrative expenses 218 Net operating income 88 Nonoperating items: Gain on sale of investments $ 5 Loss on sale of equipment (2) 3 Income before taxes 91 Income taxes 25 Net income $ 66 r During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $35 of its own stock. This year Weaver did not retire any bonds. 1. using the indirect method, determine the net cash provided by/used in operating activities for this year. (List any deduction in cash and cash outflows as negative amounts.) Comparative financial statements for Weaver Company follow: Weaver Company Comparative Balance Sheet at December 31 This Last Year Year Assets Cash $ 7 $ 12 Accounts receivable 309 229 Inventory 15? 196 Prepaid expenses 9 6 Total current assets 482 443 Property, plant, and equipment 508 429 Less accumulated depreciation (85) (71) Net property, plant, and equipment 423 358 Longterm investments 27 34 Total assets $ 932 $835 Liabilities and Stockholders' Equity Accounts payable $ 303 $226 Accrued liabilities 70 80 Income taxes payable 72 64 Total current liabilities 445 370 Bonds payable 196 170 Total liabilities 641 540 Common stock 165 200 Retained earnings 126 95 Total stockholders' equity 291 295 Total liabilities and stockholders' equity $ 932 $335

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