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Required information Problem 15-7 (Algo) Prepare a Statement [The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow Assets Cash 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 Weaver Company Comparative Balance Sheet at December 31 Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity Cash Flows [LO15-1, LO15-2] 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 Loss on sale of equipment Income before taxes Income taxes Net income $5 This Year $-23 334 153 9 473 511 81 430 23 $926 $ 302 71 74 447 197 644 163 119 282 $ 926 $ 751 448 303 221 82 2 84 23 $61 Last Year $ 12 230 195 6 443 432 71 361 30 $ 834 $ 226 78 63 367 170 537 201 96 297 $ 834 During this year, Weaver sold some equipment for $18 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.

Required information Problem 15-7 (Algo) Prepare a Statement of Cash Flows [LO15-1, LO15-2] [The following information applies to the questions displayed below] Comparative financial statements for Weaver Company follow During this year, Weaver sold some equipment for $18 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

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