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