Homework: Chapter 13 Homework Save Score: 0.92 of 1 pt 4 of 5 (5 complete) HYV Score: 78.98%, 3.95 of 5 p E13-13A (similar to) Question Help The comparative balance sheet for Jouney Travel Services, Inc., for December 31, 2017 and 2016, is as follows (Click the icon to view the comparative balance sheet) The follawing information is taken from the records of Journey Travel Services, Inc (Click the icon to view the transaction data Prepare the statement of cash flows (indirect method) for Jouney Travel Services, Inc for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and decreases in cash) Journey Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities: Net income $ 33,000 Adjustments to reconcile net income to cash basis: Loss on sale of land Depreciation expense Decrease in accounts receivable Increase in inventory Decrease in prepaid insurance Decrease in accounts payable Increase in wages payable Increase in interest payable Increase in income taxes payable 3,500 7,000 2,000 35,000) 1,000 3,000) 9,000 2,000 $ 22.500 Net cash provided by (used for) operating activities Investing Activities: Proceeds from the sale of land 3,500 Cash used to purchase equipment (17,500) Net cash provided by (used for) investing activities Financing Activities: 10,000 (13,000) 20,000 Proceeds from issuance of long term notes Dividends paid Issuance of stock for cash Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year 17.000