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The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2017 and 2016, 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 statement of cash flows for 2017. (Use parentheses or a minus sign for numbers to be subtracted or net cash outflow.) Transactions Mosaic Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities Adjustments to reconcile net income to cash basis: a. Land was sold for $7,800. b. Equipment was purchased for cash c. There were no disposals of equipment during the year. d. The common stock was issued for cash. e. Net income for 2017 was $39.000. f. Cash dividends paid during the year were $10,000 Print Done Net cash provided by (used for) operating activities The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2017 and 2016, 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.: A (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 statement of cash flows for 2017. (Use parentheses or a minus sign for numbers to be subtracted or net cash outflow.) - X Balance Sheet Mosaic Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 , Operating Activities: : Mosaic Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Adjustments to reconcile not income to cash basis: Cash $ Accounts receivable Inventory 42,000 $ 15,000 79,000 81,000 60,000 24,000 10,000 17,000 Prepaid insurance Total current assets $ 191,000 $ 137,000 Land Equipment Less: Accumulated depreciation $ 106,000 $ 117,000 82,000 55,000 (22.000) (15,000) ( Total assets $ 357,000 $ 294,000 Net cash provided by (used for) operating aclivities The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2017 and 2016, 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 statement of cash flows for 2017. (Use parentheses or a minus sign for numbers to be subtracted or net cash outflow.) X Balance Sheet Mosaic Travel Services, Inc. Statement of Cash Flows Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 , Operating Activities Liabilities Current liabilities: Accounts payable Wages payable Interest payable $ 24,000 $ 33,000 29,000 21,000 15,000 13,000 6,000 3,000 Adjustments to reconcile net income to cash basis: Income taxes payable Total current liabilities $ 74,000 $ 70,000 94,000 87,000 Notes payable (long-term) Total liabilities $ 168,000 $ 157,000 Stockholders' equity Common stock Retained eamings Total stockholders' equity $ 142,000 $ 119,000 47.000 18,000 Net cash provided by (used for) operating activities $ 189,000 $ 137,000 $ 357,000 $ 294,000 Total liabilities and equity Check
