Additional information:

$-$Net income for $2025$ was $$127,920.$ No gains or losses were recorded in $2025.$

$-$Cash dividends of $$63,490$ were declared and paid.

$-$Bonds payable amounting to $$50,000$ were retired through issuance of common stock.

Problem:

Prepare a statement of cash flows for $2025$ for Waterway Corporation. $($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

A comparative balance sheet for Waterway Corporation is presented as follows.