Comparative balance sheets for Waterway Company are as follows. Waterway Company Comparative Balance Sheets December 31...

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Comparative balance sheets for Waterway Company are as follows. Waterway Company Comparative Balance Sheets December 31 Assets 2025 2024 Cash $78,100 $21.600 Accounts receivable 85,500 75,600 Inventory 181,700 190,900 Land 83,000 101.000 Equipment 252,000 196,000 Accumulated depreciation-equipment (68.300) (44,700) Total $612,000 $540,400 Liabilities and Stockholders' Equity Accounts payable $34,200 $47,100 Bonds payable 159,000 210,000 Common stock ($1 par) 221,000 162,000 Retained earnings 197,800 121,300 Total $612,000 $540,400 Additional information: 1. Net income for 2025 was $144,000. 2 3. 4. 5. Cash dividends of $67.500 were declared and paid. Bonds payable with a carrying value of $51.000 were redeemed for $51.000 cash. Common stock was issued at par for $59,000 cash. Depreciation expense was $23,600 6. Sales revenue for the year was $978,000. 7. Land was sold at cost, and equipment was purchased for cash Additional information: 1. Net income for 2025 was $144,000. 2 Cash dividends of $67,500 were declared and paid. 3. Bonds payable with a carrying value of $51,000 were redeemed for $51,000 cash. 4. Common stock was issued at par for $59,000 cash. 5. Depreciation expense was $23,600. 6. Sales revenue for the year was $978,000. 7. Land was sold at cost, and equipment was purchased for cash. Prepare a worksheet for a statement of cash flows for 2025 using the indirect method. Enter the reconciling items directly on the worksheet. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) WATERWAY COMPANY Worksheet-Statement of Cash Flows Balance Balance Sheet Accounts 12/31/24 Debit Debits Total Credits Total Reconciling items $ $ WATERWAY COMPANY Worksheet-Statement of Cash Flows Reconciling Items Balance 12/31/24 Debit Credit $ $ Balance 12/31/25 Statement of Cash Flow Effects Operating activities Investing activities Financing activities Totals Totals 0 0 0 0 0 0 0 SA $ Comparative balance sheets for Waterway Company are as follows. Waterway Company Comparative Balance Sheets December 31 Assets 2025 2024 Cash $78,100 $21.600 Accounts receivable 85,500 75,600 Inventory 181,700 190,900 Land 83,000 101.000 Equipment 252,000 196,000 Accumulated depreciation-equipment (68.300) (44,700) Total $612,000 $540,400 Liabilities and Stockholders' Equity Accounts payable $34,200 $47,100 Bonds payable 159,000 210,000 Common stock ($1 par) 221,000 162,000 Retained earnings 197,800 121,300 Total $612,000 $540,400 Additional information: 1. Net income for 2025 was $144,000. 2 3. 4. 5. Cash dividends of $67.500 were declared and paid. Bonds payable with a carrying value of $51.000 were redeemed for $51.000 cash. Common stock was issued at par for $59,000 cash. Depreciation expense was $23,600 6. Sales revenue for the year was $978,000. 7. Land was sold at cost, and equipment was purchased for cash Additional information: 1. Net income for 2025 was $144,000. 2 Cash dividends of $67,500 were declared and paid. 3. Bonds payable with a carrying value of $51,000 were redeemed for $51,000 cash. 4. Common stock was issued at par for $59,000 cash. 5. Depreciation expense was $23,600. 6. Sales revenue for the year was $978,000. 7. Land was sold at cost, and equipment was purchased for cash. Prepare a worksheet for a statement of cash flows for 2025 using the indirect method. Enter the reconciling items directly on the worksheet. (Show amounts that decrease cash flow with either a sign e.g. -15,000 or in parenthesis e.g. (15,000).) WATERWAY COMPANY Worksheet-Statement of Cash Flows Balance Balance Sheet Accounts 12/31/24 Debit Debits Total Credits Total Reconciling items $ $ WATERWAY COMPANY Worksheet-Statement of Cash Flows Reconciling Items Balance 12/31/24 Debit Credit $ $ Balance 12/31/25 Statement of Cash Flow Effects Operating activities Investing activities Financing activities Totals Totals 0 0 0 0 0 0 0 SA $