Below is the comparative balance sheet for Waterway Corporation. Dec. 31, 2020 Dec. 31, 2019 Cash $16,400 $20,800 Short-term investments 24,800 18,900 Accounts receivable 43,100 45,000 Allowance for doubtful accounts (1,700) (2,100) Prepaid expenses 4,300 2,600 Inventory 81.100 65,200 Land 50,000 50,000 Buildings 126,000 72,800 Accumulated depreciation-buildings (29.900 (23,200) Equipment 52,500 45,800 Accumulated depreciation-equipment (19,100 (15,300) Delivery equipment 39.300 39.300 Accumulated depreciation-delivery equipment (21,900 (20.700 Patents 14.900 -0- $379,800 $299,100 Accounts payable $26.000 $15,800 Short-term notes payable (trade) 3.900 6,100 3,000 4,600 72,300 53,200 49,500 Accrued payables Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Retained earnings 62,000 139,400 101,000 9.900 4,000 75,800 52,400 $379,800 $299,100 Dividends in the amount of $14.900 were declared and paid in 2020. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short- term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amou either in debit or in credit column in Statement of Cash Flows Effects except for totals.) WATERWAY CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020 2020 Reconciling Items Balance at 12/31/19 Debits Debit Credit WATERWAY CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2020 2020 Reconciling Items Balance at 12/31/19 Debit Debits Credit Cash $20,800 $ Short-term investments 18,900 Accounts receivable 45,000 Prepaid expenses 2,600 Inventory 65,200 Land 50,000 Buildings 72,800 Equipment 45,800 Equipment (Delivery) 39,300 Patents Total debits $360,400 Credits Accounts payable $15,800 $ $ $ Notes payable 6,100 Accrued liabilities 4,600 Allowance for doubtful accounts 2,100 Accumulated Depreciation-Building 23,200 Accumulated Depreciation Equipment 15,300 Accumulated Depreciation-Delivery Equipment 20,700 Mortgage payable 53,200 Bonds payable 62,000 Common stock 201.000 Paid-in capital in excess 4,000 Retained earnings 52.400 Total credits $360,400 Waterway Corporation Statement of Cash Flows Effects $ $ V > >