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(The following Information applies to the questions displayed below.) Comparative financial statements for Weaver Company follow: Last Year $ 11 230 155 195 nces 480 441 165 -(71) Weaver Company Comparative Balance Sheet at December 31 This Year Assets Cash and cash equivalents $ 18 Accounts receivable 299 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 70 Income taxes payable Total current liabilities 444 Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2733 $929 $225 366 538 propelle | $ 929 $832 Weaver Company Income Statement For This Year Ended December 31 Sales $ 751 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 Income before taxes Income taxes Net income (22 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 56 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.

Answer 1

Weaver Company
Statement of cash flows
For this year ended December 31 (amount in $)
Operating activities:
net cash provided by operating activities		130
Investing activities:
addition to property	-78
net cash provided by investing activities		-78
Financing activities:
issuance of bonds	25
repurchase of own shares	-35
cash dividend	-35
net cash provided by financing activities		-45
Net increase in cash and cash equivalent		7
Beginnig cash and cash equivalent		11
Ending cash and cash equivalent		18

calculation of dividend

Calculation	Amount in $
retained earnings from previous year	94
add: net income from current year	64
less: retained earnings from current year	-123
cash dividend	-35