Waterway Corporation
	Balance Sheet
	December 31, 2016 and December 31, 2017
	2016	Dr.	Cr.	2017
Assets
Cash	$120,900			$274,350
Accounts Receivable	286,750			279,000
Inventory	185,000			185,000
Investments	114,700			80,600
Equipment	372,000			461,900
Accummulated Depreciation	(137,950)			(164,300)
Total	$941,400			$1,116,550
Liabilities and Stockholders' Equity
Accounts Payable	$234,050			$207,700
Bonds Payable	185,000			130,000
Common Stock	248,000			303,000
Retained Earnings	274,350			475,850
Total	$941,400	-	-	$1,116,550
Additional Information:
1. Net income for 2017	$248,000
2. Investments were sold at a loss of $15,500
3. Cash dividends declared and paid	$46,500
4. Bonds payable retired by issuing common stock	$55,000
In the space below, prepare a Statement of Cash Flows for the year ended December 31, 2017:
Use the worksheet (above) to aid your work if you like. I will grade the resulting cash flow statement (below) only.