Prepare a Statement of cash flow using indirect method The following are comparative balance sheets for Waterway

Prepare a Statement of cash flow using indirect method

 

 

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The following are comparative balance sheets for Waterway Company. Assets Cash Accounts receivable. Inventory Land Waterway Company Comparative Balance Sheets December 31 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2025 $54,400 $17,600 60,800 133,600 151,200 64,000 80,000 208,000 160,000 (52,800) (25,600) $477,600 $444,000 2024 70.400 $ 31,200 120,000 172,800 153,600 110,400 $477,600 $444,000 $34,400 160,000 139,200 The following are comparative balance sheets for Waterway Company. Assets Cash Accounts receivable. Inventory Land Waterway Company Comparative Balance Sheets December 31 Equipment Accumulated depreciation-equipment Total Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock ($1 par) Retained earnings Total 2025 $54,400 $17,600 60,800 133,600 151,200 64,000 80,000 208,000 160,000 (52,800) (25,600) $477,600 $444,000 2024 70.400 $ 31,200 120,000 172,800 153,600 110,400 $477,600 $444,000 $34,400 160,000 139,200

Answer rating: 100% (QA)

Cash flows from operating activities Net Income Adjustments to reconcile net incometo net cash ... View the full answer