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Presented below are data taken from the records of Waterway Company. December 31, 2020 December 31, 2019 Cash $15,000 $8,000 Current assets other than cash

Presented below are data taken from the records of Waterway Company.

December 31, 2020

December 31, 2019

Cash

$15,000

$8,000

Current assets other than cash

84,500

59,900

Long-term investments

10,000

52,800

Plant assets

335,600

217,200

$445,100

$337,900

Accumulated depreciation

$20,200

$39,700

Current liabilities

39,600

21,800

Bonds payable

75,600

0

Common stock

253,300

253,300

Retained earnings

56,400

23,100

$445,100

$337,900

Additional information:
1. Held-to-maturity debt securities carried at a cost of $42,800 on December 31, 2019, were sold in 2020 for $34,000. The loss (not unusual) was incorrectly charged directly to Retained Earnings.
2. Plant assets that cost $49,900 and were 80% depreciated were sold during 2020 for $7,900. The loss was incorrectly charged directly to Retained Earnings.
3. Net income as reported on the income statement for the year was $57,600.
4. Dividends paid amounted to $13,420.
5. Depreciation charged for the year was $20,420.
Prepare a statement of cash flows for the year 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

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