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During this year, Weaver sold some equipment for $18 that had cost $31 and on which there was accumulated depreciation of $10Required information The following information applies to the questions displayed below.] Part 2 of 2 Comparative financial s

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Weaver Company
Cash Flow Statement
A. Cash Flows from Operating Activity
Net cash flow from Operating activities $         138.00
B. Cash flows from Investing Activities
Sale of equipment $           18.00
Purchase of equipment $      (110.00)
Sale of Investment $           13.00
Net cash used in Investing activities $         (79.00)
C. Cash Flows from Financing activities
Proceeds from issue of Bonds $           29.00
Purchase of own stock $         (42.00)
Payment of Dividend $         (42.00)
Net cash used in Financing Activities $         (55.00)
Net Increase (Decrease) in Cash [A+B+C] $             4.00
Cash at the beginning of the period $           11.00
Cash at the end of the period $           15.00

Working

Weaver Company
Cash Flow Statement (partial)
A. Cash Flows from Operating Activity
Net Income $           69.00
Adjustments to reconcile net income to net cash flows from operating activities
Depreciation expense $           25.00
Loss on sale of Equipment $             3.00
Gain on sale of Investment $           (6.00)
Change in Current operating Asset sand Liabilities
Increase in Accounts receivables $         (67.00)
Decrease in inventory $           38.00
Increase in prepaid expense $           (3.00)
Increase in Accounts payable $           79.00
Decrease in Accrues Liabilities $           (9.00)
Increase in income tax payable $             9.00
$           69.00
Net cash flow from Operating activities $         138.00

.

Calculation of dividend paid   
Beginning balance of retained earnings   $           96.00
Add: Net income   $           69.00
$         165.00
Less: Ending balance of Retained earnings   $         123.00
Dividends paid in cash   $           42.00
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