Waterways Corporation is a private corporation formed for the purpose of providing the products and the services needed to irrigate farms, parks, commercial projects, and private lawns. It has a centrally located factory in a U.S. city that manufactures the products it markets to retail outlets across the nation. It also maintains a division that performs installation and warranty servicing in six metropolitan areas. The mission of Waterways is to manufacture quality parts that can be used for effective irrigation projects that also conserve water. Through that effort, the company hopes to satisfy its customers, perform rapid and responsible service, and serve the community and the employees who represent the company in each community. The company has been growing rapidly, so management is considering new ideas to help the company continue its growth and maintain the high quality of its products. Waterways was founded by Will Winkman who is the company president and chief executive officer (CEO). Working with him from the company's inception is Will's brother, Ben, whose sprinkler designs and ideas about the installation of proper systerns have been a major basis of the company's success. Ben is the vice president who oversees all aspects of design and production in the company. The factory itself is managed by Todd Senter who hires his line managers to supervise the factory employees. The factory makes all of the parts for the irrigation systems. The purchasing department is managed by Helen Hines. The installation and training division is overseen by vice president Henry Writer, who supervises the managers of the six local installation operations. Each of these local managers hires his or her own local service people. These service employees are trained by the home office under Henry Writer's direction because of the uniqueness of the company's products. There is a small human resources department under the direction of Sally Fenton, a vice president who handles the employee paperwork, though hiring is actually performed by the separate departments. Teresa Totter is the vice president who heads the sales and marketing area; she oversees 10 well-trained salespeople. The accounting and finance division of the company is headed by Ann Headman, who is the chief financial officer (CFO) and a company vice president. She is a member of the institute of Management Accountants and holds a certificate in management accounting. She has a small staff of accountants, including a controller and a treasurer, and a staff of accounting input operators who maintain the financial records. A partial list of Waterways' accounts and their balances for the month of November follows. Ch. 14 Question 1 of 1 Other Administrative Expenses 72,000 Prepaid Expenses 41,250 Raw Materials Inventory, November 3052,700 Raw Materials Inventory, October 3138,000 RawMaterialsPurchases184,500 Rent-Factory Equipmery 47,000 Repairs-FactoryEquipment4,500 Office Salaries 325,000 Sales Revenue 1,350,000 Sales Commissions 40,500 Work In Process Inventory October 3152,700 Work In Process Inventory, November 3042,000 A list of accounts and their values are given above. From this information, prepare an income statement for Waterways Corporation for the month of November, 2025. A list of accounts and their values are given above. From this information, prepare an income statement for Waterways Corporation for the month of November, 2025. Question 1 of 1 774-ACC-241NWPAssessmentBuilderUIApp=NWPAssessmentPlayerUIIAPP+148E Question 1 of 1 120 eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit Answer uestion 1 of 1 .120 ! eTextbook and Media List of Accounts Save for Later Attempts: 0 of 1 used Submit