The 2021 and 2020 balance sheets of Waterside Corporation follow. The 2021 income statement is also provided. Waterside had no noncash investing and financing transactions during 2021. During the yoar, the company sold equipment for $15,500, which had originally cost $13,100 and had a book value of $11,500. The company did not issue any notes payable during the year but did issue common stock for $28,000. The company purchased plant assets and long-term investments with cash. (Click the icon to view the income statement.) (Cick the icon to view the balance sheets.) Requirements 1. Prepare the statement of cash flows for Waterside Corporation for 2021 using the indirect method. 2. Evaluate the company's cash flows for the yeat. Discuss each of the categories of cash flows in your response. Requirement 1. Prepare the stalement of cash flows for Waterside Corporaton for 2021 using the indirect method. Prepare the statement one section at a time. (Wse parentheses or a minus sign for numbers to be subtracled or for a net cash outllow.) with eash (Click the icon to view the income statement.) Requirements Ralance Sheets 1. Prepare the statement of cash flows for Waterside Corporabo 2. Evaluate the company's cash flows for the year. Discuss cach Income Statement