Condensed financial data of Waterway inc. follow. Additional information: 1. New plant assets costing $100,200...
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Condensed financial data of Waterway inc. follow. Additional information: 1. New plant assets costing $100,200 were purchased for cash during the vear. 2. Old plant assets having an original cost of $57.100 and accumulated depreciation of $50,800 were sold for $1,200 cash, 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $40,400 was declared and paid during the year: 5. Common stock was issted at par for cash. 6. There were no significant noncash transactions. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign eg. 15,000 or in parenthesiseg. (15,000). Adiustments to reconcilenet income to
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