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 year, the company sold equipment for $15,700 , which had originally cost $12,900 and had a book value of $11,300. The company did not issue any notes payable during the year but did issue common stock for $29,000. The company purchased plant assets and long-term investments with cash.

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 year. Discuss each of the categories of cash flows in your response. Requirement 1. Prepare the statement of cash flows for Waterside Corporation for 2021 using the indirect method. Balance Sheets Income Statement 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 year. Discuss each of the categories of cash flows in your response. Requirement 1. Prepare the statement of cash flows for Waterside Corporation for 2021 using the indirect method. Balance Sheets Income Statement