The current sections of Waterway inc's balance sheets at December 31, 2021 and 2022, are presented here Waterway's net income for 2022 was $247,040. The income statement included depreciation expense, $32,000, amortization expense, $12, 800, and a gain on disposal of equipment, $8,960. The equipment was sold for $60,160. Waterway also issued bonds for $76,800, 2022 2021 Current assets Cash $533.760 $ 126,720 Accounts receivable 153,600 119,040 Inventory 203.520 225 280 Prepaid expenses 37,120 30,720 Total current assets $928,000 $501.760 Current liabilities Accrued expenses payable 21.760 $7.680 Accounts payable 112.640 120,320 $134.400 $ 128,000 Total current liabilities WATERWAY INC. Partial Statement of Cash Flows 17:54 Adjustments to reconcile net income to $ e Textbook and Media Ao Save for Later