Liabilities Current liabilities: Accounts payable $29,000 $38,000 Wages payable 26,000 22,000 Interest payable 16,000 14,000 Income taxes payable 11,000 9,000 Total current liabilities $82,000 $83,000 Notes payable (long-term) 91,000 86,000 Total liabilities $173,000 $169,000 Stockholders' equity Common stock $148,000 $115,000 Retained earnings 41,000 13,000 Total stockholders' equity $189,000 $128,000 Total liabilities and equity $362,000 $297,000

The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2014 and 2013, is as follows (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Mosaic Travel Services, Inc (Click the icon to view the transaction data.) Mosaic Travel Services, Inc., uses the indirect method for preparing the statement of cash flows. Prepare the operating section of the sta or net cash outflow.) Data Table December 31, 2014 and 2013 For the Year Ended December 31, 2014 Assets 2014 2013 Operating Activities: Current assets Cash Accounts receivable Inventory Prepaid insurance S 41,000 S 17,000 78,000 79.000 58,000 21,000 11.000 14.000 S 188,000 S 131,000 Adjustments to reconcile net income to cash basis Total current assets S 108,000 S 119,000 81,000 55,000 (15,000) (8,000) S 362,000 S 297,000 Land Equipment ess Choose from any list or enter any number in the input fields and then click Check Answer Total assets The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2014 and 2013, is as follows (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Mosaic Travel Services, Inc (Click the icon to view the transaction data.) Mosaic Travel Services, Inc., uses the indirect method for preparing the statement of cash flows. Prepare the operating section of the sta or net cash outflow.) Data Table December 31, 2014 and 2013 For the Year Ended December 31, 2014 Assets 2014 2013 Operating Activities: Current assets Cash Accounts receivable Inventory Prepaid insurance S 41,000 S 17,000 78,000 79.000 58,000 21,000 11.000 14.000 S 188,000 S 131,000 Adjustments to reconcile net income to cash basis Total current assets S 108,000 S 119,000 81,000 55,000 (15,000) (8,000) S 362,000 S 297,000 Land Equipment ess Choose from any list or enter any number in the input fields and then click Check Answer Total assets