Robert Jones and Linda Davis are examining the following summary of cash flows for Waterway Company for the year ended January 31.2025. Robert claims that this summaryshows that Waterway had a superb first year, with cash increasing $35,495. Linda replies that it was not a superb first year. Rather, she says, the year was an operating failure and that $35.495 is not the actual increase in cash. The cash balance at the beginning of the year was $139,310 Using the data provided, determine the net income/(loss) for the year ended January 31, 2025. Depreciation expense was $54,800. (Enter negative amounts using either a negative sign preceding the number eg - 45 ar parentheses eg. (45)) Netincome (lioss) $ Pronaro a ctatement of cach flows in uronor form wint the ind irset mothod. The ontv noncath itsma in the income statement are oo or in