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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 $ $-18$ $ $13$

Accounts receivable $338230$

Inventory $151195$

Prepaid expenses $86$

Total current assets $479444$

Property, plant, and equipment $508428$

Less accumulated depreciation $8371$

Net property, plant, and equipment $425357$

Long$-$term investments $2633$

Total assets $ $930$ $ $834$

Liabilities and Stockholders' Equity

Accounts payable $ $303$ $ $225$

Accrued liabilities $7380$

Income taxes payable $7364$

Total current liabilities $449369$

Bonds payable $199171$

Total liabilities $648540$

Common stock $160201$

Retained earnings $12293$

Total stockholders$$ equity $282294$

Total liabilities and stockholders' equity $ $930$ $ $834$

Weaver Company

Income Statement

For This Year Ended December $31$

Sales $ $751$

Cost of goods sold $445$

Gross margin $306$

Selling and administrative expenses $218$

Net operating income $88$

Nonoperating items:

Gain on sale of investments $ $6$

Loss on sale of equipment $(1)5$

Income before taxes $93$

Income taxes $23$

Net income $ $70$

During this year, Weaver sold some equipment for $$19$ that had cost $$30$ and on which there was accumulated depreciation of $$10.$ In addition, the company sold long$-$term investments for $$13$ that had cost $$7$ when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $$41$ 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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