Please do not give solution in image format thanku Waterway Corporation's comparative balance sheets are presented below.CashAccounts receivableLandBuildingsAccumulated depreciation-buildingsTotalAccounts payableCommon stockRetained earningsTotalWATERWAY CORPORATIONComparative Balance SheetsDecember 31Additional information:1.2.3.2022$15,00021,400$10,20023,80026,40070,100(15,300)(10,800)$111,000 $119,70019,80070,100$12,80074,60023,6002021$111,000$27,80069,80022,100$119,700Net income was $22,800. Dividends declared and paid were $21,300.No noncash investing and financing activities occurred during 2022.The land was sold for cash of $4,500. Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000, or in parenthesis e.g. (15,000).)WATERWAY CORPORATIONStatement of Cash Flows-Indirect MethodAdjustments to reconcile net income to>>

Name: Please do not give solution in image format thanku Waterway Corporatio
Uploaded: 2024-03-04T10:43:15.000Z
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Description: Please do not give solution in image format thanku Waterway Corporation's comparative balance sheets are presented below.CashAccounts receivableLandBuildingsAccumulated depreciation-buildingsTotalAccounts payableCommon stockRetained earningsTotalWATE

Cash flow statement is the financial statement which reports the inflows and outflows of cash during…

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Waterway Corporation's comparative balance sheets are presented below. Cash Accounts receivable Land Buildings Accumulated depreciation-buildings Total Accounts payable Common stock Retained earnings Total WATERWAY CORPORATION Comparative Balance Sheets December 31 Additional information: 1. 2. 3. 2022 $15,000 21,400 19,800 70,100 (15,300) $111,000 $12,800 74,600 23,600 $111,000 2021 $10,200 23,800 26,400 70,100 (10,800) $119,700 $27,800 69,800 22,100 $119,700 Net income was $22,800. Dividends declared and paid were $21,300. No noncash investing and financing activities occurred during 2022. The land was sold for cash of $4,500.