Question

Comparative financial statements for Weaver Company follow 21 Comparative Balance Sheet at December 31 Gain ee sale of ievesteent Loss oo sale of equipnent This Last Assets Net income s 11 230 195 Cash and cash equivalents Accounts receivable 297 Prepaid expenses Total current assets Property, plant, and equipment 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 $12 that had cost $6 when purchased several years ago. Weaver paid a cash dividend this year and the company repurchased $41 of its own stock. This year Weever did not retire any bonds. 469 510 432 (71 Less accumulated depreciation Net property, plant, and equipment Long-term investnents Total assets (86) accounting part 3 - Edited 424 Q Search $919 2. Using the information in (t) above, 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.) $833 Liabilities and Stockbolders' Equity Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Cormon stock Retained earnings Total stockholders' equity s 303 71 74 448 195 643 $22 79 63 Statement of Cash Flows 53 202 Operating actvites 115 94 nveating actvises: 95 Total liabilities and stockholders' equity $833 Weaver Company Income Staternent Por This Year Ended December 31 activities Sales Cost of goods sold Gross nargin Selling and administrative expenses Net operating income Nonoperating itens : $ 753 450 221 Beginning cash and cash equivalents Ending cash and cash equvalents

Answer 1

Statement of Cash flow
For the Year Ended Dec 31
Cash flow from operating activities:	Amount($)	Amount($)
Net Income per income statement		62
Add: Loss on sale of equipment	1
Decrease Inventory	39
Liabilities Expense	8
increase Accounts Payable	78
increase Income tax Payable	11
Depreciation Expense	15
Less: Gain on sale of Investment	-6
increase Accounts Receivable	-67
increase Prepaid Expense	-3
Net Cash from operating activities	76	76
Cash flow from Investing activities:
Less: Purchase plant & equipment	78
Net Cash from Investing activities		-78
Cash flow from financing activities:
Less: Common stock Decrease	41
Net Cash from Financing activities		-41
Increase in Cash		19
Cash at the Beginning of the year		-11
Cash at the Ending of the year		8