Waterway Corporation's comparative balance sheets are presented below. WATERWAY CORPORATION Comparative Balance Sheets December 31 2020 2019 Cash $26,370 $11,900 Accounts receivable 19,400 25,800 Land 19,200 28,400 Building 71,200 71,200 Accumulated depreciation (17,400) (11,200) Total $118,770 $126,100 Accounts payable $13,570 $33,500 Common stock 77,400 70,200 Retained earnings 27,800 22,400 Total $118,770 $126,100 Additional information: 1. Net income was $30,300. Dividends declared and paid were $24,900. 2. All other changes in noncurrent account balances had a direct effect on cash flows, except the change in accumulated depreciation. The land was sold for $7,100. (a) Prepare a statement of cash flows for 2020 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).) WATERWAY CORPORATION Statement of Cash Flows Adjustments to reconcile net income to Adjustments to reconcile net income to C A C A C M Q Ad Q Ac Ac Vi Ack Ac