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View Policies Show Attempt History Current Attempt in Progress You are provided with the following information for Waterway Industries, effective as of its April 30, 2017 year-end. Accounts payable $ 844 Accounts receivable 995 Accumulated depreciation equipment 670 Cash 1.455 Common stock 1.455 Cost of goods sold 1.070 Depreciation expense 325 Dividends 335 Equipment 2.605 Income tax expense 175 Income taxes payable 145 Insurance expense 220 Interest expense 410 Inventory 1.152 Land 3.285 Mortgage payable 3.685 Notes payable 246 Prepaid insurance 70 Retairied earnines (beginning 1.600 Salaries and wages expense 690 Salaries and wages payable 232 Sales revenue 5285 Stock investments (short-term) 1.375 Your answer is correct Prepare an income statement for Waterway Industries for the year ended April 30, 2017 Waterway Industries Income Statement For Your Ene0.2017 1 Waterway Industries Balance Sheet April 30, 2017 Assets Current Assets Accounts Receivable Inventory Stock investments short-term) Prepaid Insurance Total Current Assets Property. Plant and Equipment Land Equipment 5 2605 Les Accumulated depreciation-equipment 670 Total Property. Plant and Equipment Total Assets Liabilities and Stockholders' Equity Current Liabilities Accounts Payable Income To Payable Notes Payable Sataries and Wages Payable Total Current Liabilities Long-Term Libilities Mortgage Paya answer is partially correct sified balance sheet for Waterway Industries as of April 30 2017. (List current assets in order of liquidity:} Waterway Industries Balance Sheet April 30, 2017 Assets $ 1455 995 1152 1375 $ 5047 3285 2605 670 1935 I 5220 20267 Liabilities and Stockholders' Equity