pour The 2021 2020 of Water Corporation from The 2021 come statement is also provided works had no nocas vesting and financing transactions during 2001 Daning the ye. theol. which hat naco 12.00 and had a book value of $10.700 The company od nowate during the year but common look for $35.000 The company hased art and long Chicon to the balance sheets Requirements 1. Preheat of a fost War Corporation for 2021 ang the Indirect method 2. Este tre company shows the Discuss och the categories of cash flows in your mone Requirement Properto cash flow to Wa Coron 2001 hendre mod Prethe women are section time (Une parametersbedo torreth Water Corporation Statement of Cash Flow Indirect Method For the Year Ended December 31, 2021 Operating Active come 179180 Arch De 5050 Gain 1000 bonne LILLLLLLL on radi D De Increase in tres payable Decrease in other accrued expenses payable Net cash provided by used for) operating activities Investing Activities Purchase of equipment Proceedi on sale of equipment Purchase of stock investments Net cash provided by used for investing activities Financing Activities: Proceeds from bond issuance Repayment of long-term debit Cash peryments for dividends Net cash provided by used for financing activities Not increase (decrease in canh Canh, beginning of the year Cash, and of the year Financing Activities: Proceeds from bond issuance Repayment of lonp-tarm dett Cash payments for dividends Net cash provided by used for) financing activities Not increase (decrease in cash Cash beginning of the your Cash, and of the year Requirement 2. Evaluate the company's cash flows for the yow Discuss each of the categories of cash flows in your response Waker Corporation's cash flows look They had provided by operating activities. The investing activities some cash. These activities included The fnanong activities cash and The corporation also - ed Income Statement dur The he N 2 Income Statement For the Year Ended December 31, 2021 3 CA 4 Sales revenues $ 343,000 79,000 $ 264,000 8 $ 5 Less: Cost of goods sold 6 Gross profit 7 Less operating expenses: Salaries and wages expense 9 Depreciation expense 10 Other operating expenses 11 Total operating expenses 12 Operating income 13 Plus other income and less other expenses: 24,000 5,200 15,000 $ 44,200 $ 219,800 14 Interest expense $ 9,700 15 Gain on sale of PP&E 4,700 5,000 16 Total other income and expenses 17 Income before income taxes 18 Less: Income tax expense 19 Net income $ 214,800 35,700 scus $ 179,100 end Print Done Balance Sheets ur ne B 1 1 2 3 Walker Corporation Comparative Balance Sheets N December 31, 2021 and 2020 4. Assets 2021 2020 5 Current assets: 6 Cash $ 50,000 $ 23,000 32,100 29,200 7 Accounts receivable 8 Inventory 9 Prepaid insurance 86,500 94,200 3,500 2,700 10 Total current assets $ 172,100 $ 149,100 11 151,000 135,000 12 Property, plant, and equipment 13 Less: Accumulated depreciation (27,200) (30,200) 111,000 14 Investments 0 15 Total assets $ LA 403,900 $ 256,900 16 17 Liabilities 18 Current liabilities: $ 33,500 $ 36,400 2,500 7,100 19 Accounts payable 20 Wages payable 21 Interest payable 22 Income taxes payable 23 Other accrued expenses payable 2,700 0 6,100 0 22,300 18,800 63,600 $ 24 Total current liablities $ 65,800 25 73,000 113,000 26 Long-term liabilities 27 Total liabilities $ 136,600 $ 178,800 28 29 Stockholders' equity 30 Common stock 107,000 72,000 160,300 6,100 31 Retained earnings 32 Total stockholders' equity $ 267,300 $ 78,100 33 34 Total liabilities and equity $ $ 403,900 $ 256,900 Print Done