Do Homework- victona Lentz - Goog ie Chrome ?Serure https://www.mathal homeworkld-4605616questionld 18tlushed falsecld-5042385¢erwin-yes ACC 202-21D Managerial Accounting Summer 2018 Online Upton Victoria Lentz&1 7/12/18 3:12 PM Homework: Chapter 13 Homework Score: 0 of 20 pts E13-12A (book/static) Save 1 of 5 (0 complete) ? HW Score: 0%, 0 of 100 pts Balance Sneet The comparative balance sheet for Coastal Travel Services, Inc for December 31. 2017 and 2016, is as follows EEB (Click the icon to view the comparative balance sheet) The following informetion is taken from the records of Coastal Travel Services, Inc. (Click the icon to visw the transaction data.) Coastal Travl Services, Inc uses the indirect method for preparing the statement of cash os Prepare the opcrating soctian of the statement of cash tows to Coastal Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Statement of Cash Flows-oOperating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Assete 2017 2016 Current assets Cash Accounts recevable Irnventory Prepaid insurance $44,00017,000 8000 85,000 51,000 20,000 B,00 16,000 193 D$138,OD Net income Adjustments to reconcile net income to cash basis Dcprecialian expensc Total current asS415 Transactlons $ 1DB DDO121COD 80,000 58,000 16,000 11,000) S 385,000 S 306,000 l and Decrease in eccounts payable Increase in wages payable Increase in income taxes payable a. Iand was sald tor S9,DD b. Equipment wes purchased for cash. c. There were no disposals of equipment during the vear d. The omostack was issucd for cash e. Net income tor 2017 was 53 Dmi t. Cash dividends paid during the year were $8,000 Less: Accumulatad depreciation Total assets Net cash provided by (used for) operating activities Choose trom any list or enter any number in the input tields and then click Check Answer All parts showing Print Done PrintDone Clear All Check Answer O Type here to search 3:12 PM /12/2018