Here is the income statement for Waterway, Inc. Additional information: 1. Common stock outstanding January 1, 2022, was 37,500 shares, and 41,500 shares were outstanding at December 31,2022. (Use a simple average for weighted-average.) 2. The market price of Waterway stock was $14 on December 31,2022 3. Cash dividends of $21,600 were declared and paid