Accounting Please answer to D WP14 The comparative balance sheets of Waterways Corporation’s Irrigation Installation Division for the years 2019 and 2020 and the income statements for the year 2019 and 2020 are presented below. Additional information: 85% of the sales for Waterways were credit sales. There are 5,000 shares outstanding for both years. This is a private corporation whose shares are not available to the public WATERWAYS CORPORATION—INSTALLATION DIVISION Balance Sheets December 31 Assets 2020 2019 Current assets Cash $ 836,797 $ 746,681 Accounts receivable 680,750 542,685 Work in process 702,159 — Inventory 16,766 7,500 Prepaid expenses