Presented below are data taken from the records of Waterway Company. December 31, 2016 Cash Current assets other than cash Long-term investments Plant assets December 31, 2017 $15,000 85,200 9.900 338.100 $7.900 59,700 53.300 215,600 $448.200 $336,500 Accumulated depreciation Current liabilities Bonds payable Common stock Retained earnings $20,100 40,300 75.100 251.900 60.800 $40.200 22.100 -O- 251.900 22.300 $336.500 $448.200 Additional information: 1. 2. Held-to-maturity securities carried at a cost of $43,400 on December 31, 2016, were sold in 2017 for $33,900. The loss (not unusual) was incorrectly charged directly to Retained Earnings. Plant assets that cost $50,300 and were 80% depreciated were sold during 2017 for $8,100. The loss was incorrectly charged directly to Retained Earnings. Net income as reported on the income statement for the year was $57.200. Dividends paid amounted to $7,240. Depreciation charged for the year was $20.140. 3. 5. Prepare a statement of cash flows for the year 2017 using the indirect method. (Show amounts that decrease cash flow with either a- sign eg.-15,000 or in parenthesis es. (15,000).) WATERWAY COMPANY Statement of Cash Flows $ Adjustments to reconcile net income to > > Textinnkand Media