Waterway Corporation's comparative balance sheets are presented below. WATERWAY CORPORATION Comparative Balance Sheets December 31 2022 2021 Cash $14.500 $10,600 Accounts receivable 21,500 23,200 Land 20.200 25,700 Buildings 70.000 70,000 Accumulated depreciation-buildings (15,500) (10,500) Total $110.700 $119,000 Accounts payable $12.700 $27,600 Common stock 76.000 72,700 Retained earnings 22,000 18,700 Total $110,700 $119,000 Additional information: 1. Net income was $23,000. Dividends declared and paid were $19,700. 2. No noncash investing and financing activities occurred during 2022. 3. The land was sold for cash of $4,400.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).) WATERWAY CORPORATION Statement of Cash Flows - Indirect Method V V $ Adjustments to reconcile net income to V V V V V V V V V V V V V V eTextbook and Media Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e-g. (45).) Free cash flow $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit