A comparative balance sheet for Waterway Corporation is presented below:

WATERWAY CORPORATION Comparative Balance Sheet
	Assets			2020		2019
Cash				$43,500		$33,500
Accounts receivable (net)				73,750		62,500
Prepaid insurance				28,750		19,500
Land				20,500		51,250
Equipment				72,500		62,500
Accumulated depreciation				(23,750)		(15,500)
Total assets				$215,250		$213,750
Liabilities and Stockholders' Equity
Accounts payable				$14,750		$8,500
Bonds payable				29,500		21,500
Common stock				147,500		117,500
Retained earnings				23,500		66,250
Total liabilities and stockholders' equity				$215,250		$213,750

Additional information:
1.		Net loss for 2020 is $26,250.
2.		Cash dividends of $16,500 were declared and paid in 2020.
3.		Land was sold for cash at a loss of $6,500. This was the only land transaction during the year.
4.		Equipment with a cost of $20,000 and accumulated depreciation of $12,500 was sold for $7,500 cash.
5.		$24,500 of bonds were retired during the year at carrying (book) value.
6.		Equipment was acquired for common stock. The fair value of the stock at the time of the exchange was $30,000.

Prepare a statement of cash flows for the year ended 2020, 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 CORPORATION Statement of Cash Flows choose the accounting period For the Month Ended December 31, 2020December 31, 2020For the Year Ended December 31, 2020
select an opening name for section one Cash at Beginning of PeriodCash at End of PeriodCash Flows from Financing ActivitiesCash Flows from Investing ActivitiesCash Flows from Operating ActivitiesNet Cash Provided by Financing ActivitiesNet Cash Provided by Investing ActivitiesNet Cash Provided by Operating ActivitiesNet Cash Used by Financing ActivitiesNet Cash Used by Investing ActivitiesNet Cash Used by Operating ActivitiesNet Decrease in CashNet Increase in CashNoncash Investing and Financing Activities
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