Waterway Company Comparative Balance Sheets December 31 Additional information: 1. Net income for 2025 was...
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Waterway Company Comparative Balance Sheets December 31 Additional information: 1. Net income for 2025 was $74,400. 2. Depreciation expense was $27,200. 3. Cash dividends of $31,200 were declared and paid. 4. Bonds payable with a carrying value of $40,000 were redeemed for $40,000 cash. 5. Common stock was issued at par for $33,600cash. 6. No equipment was sold during 2025. 7. Land was sold for its book value. Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a-sign es. 45,000, or in porenthesis es. (45,000))
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