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Presented here are the financial statements of Waterway Company. Additional data: 1. Depreciation expense was $16,500. 2. Dividends declared and paid were 527,460 , 3.

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Presented here are the financial statements of Waterway Company. Additional data: 1. Depreciation expense was $16,500. 2. Dividends declared and paid were 527,460 , 3. During the year, equipment was sold for $8,600 cash. This equipment originally cost $18,300 and had accumulated depreciation of $9,700 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Commonstock was issued at par for cash. (a) Prepare a statement of cash flows using the indirect method. (Show anounts that decrease cash flow with either a - sign es, -15,000 or in parenthesis es. (15,000)]

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