Prepare cash flow statement using indirect method.

Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sol Gross margin Selling and administrative expenses Net operating income Nonoperating items $754 449 305 220 85 Gain on sale of investments Loss on sale of equipment Income before taxes Income taxes Net income (2) 5 90 25 $ 65 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 $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $39 of its own stock. This year Weaver did not retire any bonds