Required information

[The following information applies to the questionsdisplayed below.]

Comparative financial statements for Weaver Company follow:

Weaver Company Comparative Balance Sheet at December 31
	This Year				Last Year
Assets
Cash	$	3			$	12
Accounts receivable		307				231
Inventory		157				196
Prepaid expenses		9				6
Total current assets		476				445
Property, plant, and equipment		504				425
Less accumulated depreciation		(85	)			(72	)
Net property, plant, and equipment		419				353
Long-term investments		29				35
Total assets	$	924			$	833
Liabilities and Stockholders' Equity
Accounts payable	$	301			$	225
Accrued liabilities		71				78
Income taxes payable		75				64
Total current liabilities		447				367
Bonds payable		195				171
Total liabilities		642				538
Common stock		162				201
Retained earnings		120				94
Total stockholders’ equity		282				295
Total liabilities and stockholders' equity	$	924			$	833

Weaver Company Income Statement For This Year Ended December 31
Sales					$	753
Cost of goods sold						447
Gross margin						306
Selling and administrative expenses						222
Net operating income						84
Nonoperating items:
Gain on sale of investments	$	7
Loss on sale of equipment		(2	)			5
Income before taxes						89
Income taxes						24
Net income					$	65

During this year, Weaver sold some equipment for $18 that hadcost $30 and on which there was accumulated depreciation of $10. Inaddition, the company sold long-term investments for $13 that hadcost $6 when purchased several years ago. Weaver paid a cashdividend this year and the company repurchased $39 of its ownstock. This year Weaver did not retire any bonds.

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