Waterway Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash...

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Waterway Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,420 Current liabilities $151,420 Land 32,610 Bonds payable 101,420 Buildings 121,420 Common stock 182,610 Equipment 92,610 Retained earnings 46,610 Accum. depr-buildings (31,420 ) Total $482,060 Accum. depr.-equipment (11,000 ) Patents 41,420 Total $482,060 The following information is available for 2020. 1. Net income was $60,370. 2. Equipment (cost $21,420 and accumulated depreciation $9,420) was sold for $11,420. 3. Depreciation expense was $5,420 on the building and $10,420 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,420. 6. An addition to the building was completed at a cost of $28,420. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $52,610 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Prepare a statement of cash flows for 2020. (Show amounts that derease cesh flow with elther a-signes-15,000 or in parenthesis es 15000J WATERWAY CORPORATION Statement of Cash Flows Far the Year Ended December 31, 2020 Cash Flows tram Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation Expane Lonson Sale af Earoment Putent Amortaation Incressein Cerrent Assets Other than Cash Increasein Current Liabilities Net Cash Provided by Operating Activities v Cah Flown from investing Activities Sale of Eguipnent Addition to Buikdine Investment in Stock Net Cash sed by eating Activities Ca Flown trom Financing Activties Paymert of bividends Purchase of Treasury Stock tesuanceat Bonds Net Cash Provided by Financing Activities Net Increase in Cath Cashat Beginningof Period Cash at End of Peried > > Waterway Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,420 Current liabilities $151,420 Land 32,610 Bonds payable 101,420 Buildings 121,420 Common stock 182,610 Equipment 92,610 Retained earnings 46,610 Accum. depr-buildings (31,420 ) Total $482,060 Accum. depr.-equipment (11,000 ) Patents 41,420 Total $482,060 The following information is available for 2020. 1. Net income was $60,370. 2. Equipment (cost $21,420 and accumulated depreciation $9,420) was sold for $11,420. 3. Depreciation expense was $5,420 on the building and $10,420 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,420. 6. An addition to the building was completed at a cost of $28,420. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $52,610 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Prepare a statement of cash flows for 2020. (Show amounts that derease cesh flow with elther a-signes-15,000 or in parenthesis es 15000J WATERWAY CORPORATION Statement of Cash Flows Far the Year Ended December 31, 2020 Cash Flows tram Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities v Depreciation Expane Lonson Sale af Earoment Putent Amortaation Incressein Cerrent Assets Other than Cash Increasein Current Liabilities Net Cash Provided by Operating Activities v Cah Flown from investing Activities Sale of Eguipnent Addition to Buikdine Investment in Stock Net Cash sed by eating Activities Ca Flown trom Financing Activties Paymert of bividends Purchase of Treasury Stock tesuanceat Bonds Net Cash Provided by Financing Activities Net Increase in Cath Cashat Beginningof Period Cash at End of Peried > >

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WATERWAY CORPORATION Statement of Cash Flows For the year ended december 31 2020 Cash Flow from O... View the full answer