Question: Prepare a cash flows for this year using the following information Saved Required Information [The following information applies to the questions displayed below.] Comparative financial
Prepare a cash flows for this year using the following information

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Saved Required Information [The following information applies to the questions displayed below.] Comparative financial statements for Weaver Company follows Weaver Company Comparative Balance Sheet at December 31 This Year Last Year Assets Cash $ 31 $ 11 Accounts receivable 295 239 Inventory 159 195 Prepaid expenses Total current assets 485 441 Property, plant, and equipment 1507 428 Less accumulated depreciation (83) (70) Net property, plant, and equipment 424 358 Long-term investments 29 35 Total assets $ 938 $ 834 Liabilities and Stockholders Equity Accounts payable 3 303 $ 225 Accrued liabilities 72 79 Income taxes payable 75 64 Total current liabilities 459 368 Bonds payable 196 172 Total liabilities 646 548 Common stock 165 200 Retained earnings 127 94 otal stockholders equity 292 294 total liabilities and stockholders" equity 3 938 $ 834 Weaver Company Income Statement For This Year Ended December 31 Sales $ 754 Cost of goods sold 449 Gross margin 395 Selling and administrative expenses 220 Net operating income 85 Nonoperating items: Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income 68 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 $12 that had cost $6 when purchased several
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