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Financial statements for Waterway Industries are given below: Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by
Financial statements for Waterway Industries are given below: Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable Increase in accounts payable Depreciation-buildings and equipment Gain on sale of equipment Amortization of patents Net cash provided by operating activities Cash flows from investing activities Sale of equipment Purchase of land Purchase of buildings and equipment Net cash used by investing activities Cash flows from financing activities Payment of cash dividend Sale of common stock Net cash provided by financing activities Net increase in cash Cash, January 1, 2021 Cash, December 31, 2021 $1180000 (1450000) 592000394000954000$1348000 Total assets on the balance sheet at December 31, 2021 are $6652000. Accumulated depreciation on the equipment sold was $338000. The book value of the buildings and equipment at December 31, 2021 was $3560000.$3152000$4300000$3080000
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