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The 2021 and 2020 balance sheets of Watson Corporation follow. The 2021 income statement is...

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Accounting

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The 2021 and 2020 balance sheets of Watson Corporation follow. The 2021 income statement is also provided. Watson hod no noncash investing and finaneing transactions during 2021. During the year, the company sold equipment for $15,400, which had originally cost $12,800 and had a book value of $10,700. The company did not issue any notes payable daring the year but did issue common stock for $33,000. The oompany purchased plant assets and long-term investments with cash. (Click the icon to view the income ntatement) (Click the icon to view the balanoe sheels.) Requirements 1. Prepare the statement of cash flows for Watson Corporation for 2021 using the indirect method. 2. Evnluate the company's cash flows for the year. Discuss each of the categories of cash flows in your response. Income Statement Balance Sheets Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted or for a net cash outfiow.) Balance Sheets

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