prepar the statement of cash flows

The comparative balance sheet for Expedition Travel Services, Inc., for December 31, 2014 and 2013, is as follows: (Click the icon to view the comparative balance sheet) The folowing information is taken from the records of Expedition Travel Services, Inc.- (Click the icon to view the transaction data.) Expedition 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 2014 (Use parentheses or a minus sign for numbers to be subtracted or net cash outflow.) More Info Expedition Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended December 31, 2014 Land was sold for $9.100 Equipment was purchased for cash. There were no disposals of equipment during the year Operating Activities b. c. The common stock was issued for cash Net income for 2014 was $32,000 Cash dividends paid during the year were $5,000. Adjustments to reconcile net income to cash basis Print Done Choose from any list or enter any number in the input fields and then continue to the next question i Data Table December 31, 2014 and 2013 Assets 2014 2013 fo ws Current assets: 45,000 $ 18,000 Cash Accounts receivable 79,000 82,000 wice Inventory 56,000 18,000 vitie 10,000 9,000 embe Prepaid insurance Total current assets $ 189,000 $ 128,000 during h Land $ 108,000 $ 121,000 Equipment 83,000 57,000 ere $5,00 (15,000) (8,000) Less: Accumulated depreciation e input fid Print Done F3 F7 F10 $ % & 5 7 0 4 of 16 (2 complete) Data Table 1 el Servic sheet.) of Exped wwww $ 365,000 $ 298,000 Total assets wS method fo Liabilities Current liabilities: vel Service Accounts payable 28,000 $ 30,000 ng Activitie Wages payable 36,000 18,000 ed Decembe Interest payable 12,000 10,000 5,000 7,000 Income taxes payable during Total current liabilities 83,000 $ 63,000 h basis ere $5,0 95,000 85,000 Notes payable (long-term) er in the input fid Done Print F7 $ 4 & 6 7 9 5 i Servic Data Table sheet.) of Exped wOoTO AO puyuu $ 83,000 $ 63,000 Total current liabilities method fd 95,000 85,000 Notes payable (long-term) Total liabilities $ 178,000 $ 148,000 vel Service ng Activitie Stockholders' equity ed Decembe Common stock $ 125,000 $ 115,000 62,000 35,000 Retained earnings $ 187,000 $ 150,000 Total stockholders' equity sh basis Ih. ere $ 365,000 $ 298,000 Total liabilities and equity er in the input fid Print Done 331 FS F6 # % & 3 6 7 8 9 0 T 5 A 4