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Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year	Last Year
Assets
Cash	$ -23	$ 12
Accounts receivable	334	228
Inventory	153	195
Prepaid expenses	9	5
Total current assets	473	440
Property, plant, and equipment	511	431
Less accumulated depreciation	81	71
Net property, plant, and equipment	430	360
Long-term investments	27	34
Total assets	$ 930	$ 834
Liabilities and Stockholders' Equity
Accounts payable	$ 302	$ 224
Accrued liabilities	73	80
Income taxes payable	73	64
Total current liabilities	448	368
Bonds payable	196	171
Total liabilities	644	539
Common stock	163	201
Retained earnings	123	94
Total stockholders equity	286	295
Total liabilities and stockholders' equity	$ 930	$ 834

Weaver Company Income Statement For This Year Ended December 31
Sales		$ 754
Cost of goods sold		449
Gross margin		305
Selling and administrative expenses		218
Net operating income		87
Nonoperating items:
Gain on sale of investments	$ 5
Loss on sale of equipment	(2)	3
Income before taxes		90
Income taxes		23
Net income		$ 67

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 this year and the company repurchased $38 of its own stock. This year Weaver did not retire any bonds.

2. Using the information from Part 1, along with an analysis of the remaining balance sheet accounts, prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.)

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