Please do not give solution in image format thanku 3545The following are comparative balance sheets for Waterway Company.Waterway CompanyComparative Balance SheetsDecember 31AssetsCashAccounts receivableInventoryLandEquipmentAccumulated depreciation-equipmentTotalLiabilities and Stockholders' EquityAccounts payableBonds payableCommon stock ($1 par)Retained earningsTotalAdditional information:2022$72,60086,100169,80072,600260,100(65,500)$595,700$35.100148.200217,000195,400$595,7002021$33,30071,200187,400101,500199,700(33,600)$559,500$47,300203,700174,900133,600$559,500 Additional information:1.23.4.5.6.7.Net income for 2022 was $101.600.Depreciation expense was $31,900.Cash dividends of $39,800 were declared and paid.Bonds payable with a carrying value of $55,500 were redeemed for $55,500 cash.Common stock was issued at par for $42,100 cash.No equipment was sold during 2022.Land was sold for its book value.Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg.-15,000, or in parenthesis eg. (15,000))WATERWAY COMPANYStatement of Cash Flows-Indirect MethodAdjustments to reconcile net income to4

The cash flow statement is prepared to record the cash flow from various activities during the…

e following are comparative balance sheets for Waterway Company. Waterway Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2022 $72,600 86,100 169,800 72,600 260,100 (65,500) $595,700 $35.100 148.200 217,000 195,400 $595,700 2021 $33,300 71,200 187,400 101,500 199,700 (33,600) $559,500 $47,300 203,700 174,900 133,600 $559,500

e following are comparative balance sheets for Waterway Company. Waterway Company Comparative Balance Sheets December 31 Assets Cash Accounts receivable inventory Land Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2022 $72,600 86,100 169,800 72,600 260,100 (65,500) $595,700 $35.100 148.200 217,000 195,400 $595,700 2021 $33,300 71,200 187,400 101,500 199,700 (33,600) $559,500 $47,300 203,700 174,900 133,600 $559,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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