WATERWAY Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $73,400 $33,100 Accounts receivable 86,000 71,500 Inventory 170,300 186,900 Land 72,600 100,000 Equipment 260,500 199,300 Accumulated depreciation-equipment (65,700) (33,700) Total $597,100 $557,100 Liabilities and Stockholders' Equity Accounts payable $35,300 $46,500 Bonds payable 150,600 204,000 Common stock ($1 par) 216,200 175,500 Retained earnings 195,000 131,100 Total $597,100 $557,100 Additional information: 1. Net income for 2022 was $101,200. 2. Depreciation expense was $32,000. 3. Cash dividends of $37,300 were declared and paid. Cash dividends of $37,300 were declared and paid. Bonds payable with a carrying value of $53,400 were redeemed for $53,400 cash. Common stock was issued at par for $40,700 cash. No equipment was sold during 2022. Land was sold for its book value. are a statement of cash flows for 2022 using the indirect method. (Show amounts that de 00, or in parenthesis e.g. (15,000).) WATERWAY Company Statement of Cash Flows Adjustments to reconcile net income to WATERWAY Company Statement of Cash Flows