information

statement

Current Attempt in Progress Comparative balance sheets for Waterway Company are as follows. Waterway Company Comparative Balance Sheets December 31 Liabilities and Stockholders' Equity Accounts payable $34,200$47,100 Bonds payable 159,000210,000 Common stock ( $1 par) 221,000162,000 Retained earnings Total $612,000197,800$540,400121,300 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. WATERWAY COMPANY Worksheet-Statement of Cash Flows \begin{tabular}{lcc} & Balance & \\ 3alance Sheet Accounts & 12/31/24 & Debit \\ \hline \end{tabular} Debits Total Credits 5 \begin{tabular}{cccc} Balance & & Balance \\ 12/31/24 & Debit & Credit & 12/31/25 \\ \hline \end{tabular} $ $ $