Weaver Company Comparative Balance Sheet at December 31 Assets Cash and cash equivalents Accounts receivable Inventory...

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Weaver Company Comparative Balance Sheet at December 31 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year $ -28 $ 12 333 228 152 196 8 6 465 442 507 429 82 71 425 358 28 35 $ 918 $ 835 $ 382 $ 225 72 77 71 63 445 365 196 172 641 537 161 2082 116 96 277 298 $ 918 $ 835 Weaver Company Income Statement For This Year Ended December 31 Sales $ 751 Cost of goods sold 446 Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments 305 222 83 Loss on sale of equipment $5 (2) Income before taxes Income taxes 86 25 Net income $ 61 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 $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend and repurchased $41 of its own stock but did not retire any bonds. Prepare a statement of cash flows for this year. lote: Cash outflows and amounts to be deducted should be indicated with a minus sign. Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: 0 Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents $ 0 Weaver Company Comparative Balance Sheet at December 31 Assets Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Long-term investments Total assets Liabilities and Stockholders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity This Year Last Year $ -28 $ 12 333 228 152 196 8 6 465 442 507 429 82 71 425 358 28 35 $ 918 $ 835 $ 382 $ 225 72 77 71 63 445 365 196 172 641 537 161 2082 116 96 277 298 $ 918 $ 835 Weaver Company Income Statement For This Year Ended December 31 Sales $ 751 Cost of goods sold 446 Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments 305 222 83 Loss on sale of equipment $5 (2) Income before taxes Income taxes 86 25 Net income $ 61 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 $12 that had cost $7 when purchased several years ago. Weaver paid a cash dividend and repurchased $41 of its own stock but did not retire any bonds. Prepare a statement of cash flows for this year. lote: Cash outflows and amounts to be deducted should be indicated with a minus sign. Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Investing activities: 0 Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents $ 0