Water Way Company's comparative balance sheet and additional data are shown below. Statement of Cash Flows Year Ended December 31, 2025 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense 49100 Amortization Expense 220 Increase in Short-term Investments 31,000 Decrease in Office Supplies 870 Decrease in Accounts Receivable 4,000 Increase in Telephone Payable Increase in Wages Payable Increase in Interest Payable Increase in Unearned Revenue Increase in Utilities Payable Increase in Merchandise Inventory Decrease in Prepaid Rent Increase in Accounts Payable Net Cash Provided by (Used for) Operating Activities 494000 Water Way Company Comparative Balance Sheet December 31, 2025 and 2024 Current Assets Cash Short-term Investments, net Assets Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment Land Building Canoes Office Furniture and Equipment Accumulated Depreciation-PP&E Total Assets Liabilities 2025 2024 1.268,750 $ 7.350 31,000 0 3,500 7,500 500 0 30 900 0 4.000 240,000 90,000 733,000 308,000 8,640 8.640 160,000 0 (50,425) (1.325) $ 2,394,995 $ 425,065 Current Liabilities Accounts Payable Utilities Payable Telephone Payable Wages Payable 3,340 $ 460 350 250 510 260 3,200 1,200 Notes Payable 14,000 0 Interest Payable 400 100 Unearned Revenue 750 250 Long-Term Liabilities Notes Payable 5,280 5.280 Mortgage Payable 225,000 Bonds Payable 900,000 Discount on Bonds Payable (1,100) Total Liabilities 1.151,730 7.800 Paid-In Capital: Stockholders' Equity Preferred Stock 100,000 0 Paid-In Capital in Excess of Par-Preferred 50,000 0 Common Stock 515,000 415,000 Paid-In Capital in Excess of Par-Common 140,000 0 438,265 2,265 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity $ 2,394,995 $ 425,065 1,243,265 417.265 Water Way Company's comparative balance sheet and addnonal data are shown below (Ock the icon to view the compactive balance sheet Requirement (Click the icon to view the additional data) Prepare the statement of cash flows for the year ended December 31, 2025 using the indrect method (Use a minus sign or parentheses for amounts that result in a decrease in cash if a box is not vond in the sidement, have the box empty, do not select a label or enter a 20) More info 1. The income statement for 2025 included the following m a Net income $44.000 b. Deprecation expense for the year, $49,100 Amoration on the bonds payable, $220 2. There were no disposas of property, plant and equipment during the year A acqusitions of PP&E were for cash except the land which was acquired by sung preferred stock 2. The company und bonds payable with a face value of $900,000, receiving cash ul $00 600 4. The company distributed 2,000 shares of common stock in a stock dividend when the market value was $14.00 per share. All other dividends were paid Cash 5. The common stock, except for the stock dividend, was issued for cash 6. The cash receipt from the notes payable in 2025 is considered a francing activity because it does not relate to operations X Com