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Financial statements for Waterway Industries are given below: Waterway Industries Balance Sheet January 1, 2021 Assets Equities Cash $ 957000 Accounts payable $ 450000
Financial statements for Waterway Industries are given below: Waterway Industries Balance Sheet January 1, 2021 Assets Equities Cash $ 957000 Accounts payable $ 450000 Accounts receivable 860000 Buildings and equipment 3580000 Accumulated depreciation- buildings and equipment (1150000) Common stock 2790000 Patents 430000 Retained earnings 1437000 $4677000 $4677000 Waterway Industries Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease) in Cash
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