To solve this non-verbal reasoning problem, we need to determine the water image of the given figure. A water image is a reflection that appears as if it's inverted along the horizontal axis (i.e., upside down).

Let's analyze the provided figure:

The text in the original image is "WAN". For a water image, each part of the image is reflected vertically. This means the position of elements in the vertical direction is flipped.

Reviewing the options:

• Option A shows "WAN" flipped vertically, creating "MAИ". This matches the expected inversion for a water reflection, as all elements are vertically inverted.
• Option B displays the word "WNAW", which is incorrect as it doesn't represent a vertical inversion of the original image.
• Option C shows "IANW", which is incorrect because it doesn't correctly reflect the vertical inversion.
• Option D has the same arrangement as the original, which is not a reflection.

Thus, the correct water image, shown by option A, perfectly fits the inversion logic for water reflections.

Conclusion: The correct answer is Option A.