Prosented here are the financial statements of Waterway Company. Additional datat 1. Depreciation espense was $15.700 : 2. Dividends dectared and paid were 525.100 3. During the yoar, equipment was sold for $3.800cash. This equipment originally cost $18.200 and had accumulated depreciation of 59.400 at the time of sale. 4. Bonds were redeemed at their carryingvalue. 5. Common stock was issued at par for cash. Further analysis reveals the following 1. Accounts payable pertain to merchandise suppliers. 2. All operating expenses except for depreciation were paid in cash. 3. All depreciation eopense is in the selling expense category. 4. All sales and imventory purchases are on account. (a) Preparta staterment of cash flows for Waterway Gompaty using the direct mothod. fhow amounta that decrease cash flow with either a wign es. 15.000 or in parenthesie e. 3 ( 15.000)3 Prepare a statement of cash flows for Waterway Company using the direct method. (Show amounts thot decrcase cosh flow with citl > >> > >>> > Free cash ficw is