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Required information Problem 13-7 Prepare a statement of Cash Flows (LO13-1, LO13-2) The following information applies to the questions displayed below) Comparative financial statements for Weaver Company follow. Weaver Company Comparative Balance Sheet at December 31 This Year 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 $302 Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity e se eshte e :: Weaver Company Income Statement For This Year Ended December 31 Sales Cost of goods sold Gross margin Selling and administrative expenses Net operating income Nonoperating items: Gain on sale of investments $ 6 Loss on sale of equipment (2) Income before taxes Income taxes Net Income During this year, Weaver sold some equipment for $18 that had cost $30 and on which there was accumulated depreciation of $10. In addition, the company sold long-term investments for $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $35 of its own stock. This year Weaver did not retire any bonds 2. Using the information in (1) above, along with an analysis of the remaining balance sheet acc flows for this year. (List any deduction in cash and cash outflows as negative amounts.) SZEREPEDERDELE & Answer is not complete. Weaver Company Statement of Cash Flows For This Year Ended December 31 Operating activities: Net cash provided by operating activities Investing activities: Proceeds from sale of long-term investments Gain on sale of equipment Additions to property, plant, and equipment Financing activities: Cash dividends paid Issuance of bonds payable Increase in common stock 0 Beginning cash and cash equivalents Ending cash and cash equivalents

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