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The comparative balance sheets of Waterway Inc. at the beginning and the end of the year 2017 are as follows. WATERWAY INC BALANCE SHEETS Dec.

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The comparative balance sheets of Waterway Inc. at the beginning and the end of the year 2017 are as follows. WATERWAY INC BALANCE SHEETS Dec. 31, 2017 Jan 1, 2017 Inc./Dec. $ 47,110 94,950 42,950 20,950 $164,060 Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation Equipment Total Uabilities and Stockholders' Equity Accounts payable Common stock Retained earnings $ 15,110 89,840 23,840 11,000 $117,790 $32,000 Inc. 5,110 Inc 19,110 Inc. 9,950 Inc. $ 23,950 102, 110 38,000 $164,060 $ 16,840 81,840 19,110 $112.00 7,110 Inc 20,270 Inc. 18,890 Inc. Total Net income of $47,950 was reported, and dividends of $29,060 were paid in 2017. New equipment was purchased and none was sold Prepare a statement of cash flows for the year 2017. (Show amounts that decrease cash flow with either a sign .g. - 15,000 or in parenthesise.. (15,000).) WATERWAY TNC Statement of Cash Flows Adjustments to reconcle net income to

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