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9:21 Search il 5GE Expert Q&A Done 1 te Roy Inc. has the following information from its comparative Balance Sheet Lelloy Travel Services Comparative Balance
9:21 Search il 5GE Expert Q&A Done 1 te Roy Inc. has the following information from its comparative Balance Sheet Lelloy Travel Services Comparative Balance Sheet December 31, 2015 and 2017 Assets 2018 2017 Current Assets 545,000 $12.000 Accounts Receivable 75,000 81.000 Inventory 59.000 19.000 Prepaid insurance 14 DOO 17 000 Total Current Assets $193,000 $129,000 Land $100,000 $117.000 Equipment 76.000 56.000 Less: Accumulated Depreciation 119.000 14.000 Total Assets S351,000 $288,000 abilities Current abilities Accounts Payable $25.000 $22.000 Wages Payable 12,000 21.000 Interest Payable 14.000 12.000 Income Taxes Payable 12.000 30.000 Total Current Liabilities $83,000 $75.000 Notes Payable long term 98.000 88 000 Total Liabilities $181,000 $163.000 Stockholders' Equity Common Stock Retained Caming Total Stockholders' Equity Total Liabilities and Total Stockholders Equity $125.000 $155.000 45.000 10.000 $170,000 $125,000 351 000 280.000 Please read next page for the additional information The following information is taken from the records of LeRoy Travel Services, Inc a. Land was sold for $13,000 b. Equipment was purchased for cash There were no disposal of equipment during the year d. The Common Stock was issued for cash e. Net Income for 2018 was $40,000 f. Cash dividends paid during the year were $5,000 Required Please prepare the cash flows from operating activities according to the indirect method then prepare Investing, and financing activities sections for LeRoy Travel Services
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