Exercise 12-5 The following information is available for Waterway Industries for the year ended December 31, 2017 Beginning cash balance $ 47,385 Accounts payable decrease 3,896 Depreciation expense 170,586 Accounts receivable increase 8,635 Inventory increase 11,583 Net income 299,157 Cash received for sale of land at book value 36,855 Cash dividends paid 12,636 Income taxes payable increase 4,949 Cash used to purchase building 304,317 Cash used to purchase treasury stock 27,378 Cash received from issuing bonds 210,600 Waterway Industries Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to CALCULATUR