Condensed financial data of Waterway Inc, follow. Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock Retained earnings Total Waterway Inc. Income Statement Data For the Year Ended December 31, 2025 Sales revenue $310,768 Less: Cost of goods sold $108,368 Operating expenses, excluding depreciation 9.928 Depreciation expense 37,200 Income tax expense 21,824 Interest expense 3.784 Loss on disposal of plant assets Net income $$123,664187.1046,000 Additional information: Additional information: 1. New plant assets costing $80,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $46.000 and accumulated depreciation of $38,800 were sold for $1.200 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $20,824 was declared and paid during the year. 5. Common stock was issued at par for cash. 6. There were no significant noncash transactions. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Waterway Inci, using the direct method. (Show amounts in the investing and financing sections t decrease cash flow with either a - sign eg. 15,000 or in parenthesis e.g. (15,000) ) WATERWAY INC. Statement of Cash Flows - Direct Method 5