Waterway Corporation's comparative balance sheets are as follows. WATERWAY CORPORATION Comparative Balance Sheets December 31 Cash $16,700$17,600 Accounts receivable 24,90022,000 Investments 19,85016,250 Equipment 59,95069,950 Accumulated depreciation-equipment Total $107,350(14,050)$115,500(10,300) Accounts payable Bonds payable $14,65010,500$11,05030,000 Common stock 49,90044,900 Retained earnings Total Additional information: 1. Net income was $18,650. Dividends declared and paid were $15,900. 2. Equipment which cost $10,000 and had accumulated depreciation of $1,700 was sold for $3,400. 3. No noncash investing and financing activities occurred during 2022. 4. Bonds were retired at their carrying value. (a) Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. 15,000, or in parenthesis e.g. (15,000).) || | |