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Waterway Inc., a greeting card company, had the following statements prepared as of December 31,2020. Additional information: 1. Dividends in the amount of $5,900 were
Waterway Inc., a greeting card company, had the following statements prepared as of December 31,2020. Additional information: 1. Dividends in the amount of $5,900 were declared and paid during 2020. 2. Depreciation expense and amortization expense are included in operating expenses. 3. No unrealized gains or losses have occurred on the investments during the year. 4. Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2020 . Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. - 15,000 or in parenthesis eg. (15,000).) WATERWAY INC. Statement of Cash Flows $ Adjustments to reconcile net income to $ \begin{tabular}{|c|} \hline \\ \hline \end{tabular}
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