Score: U of 5 pts 4 of 5 (3 complete) HW Score: 42 88%, E13-13A (similar to) Balance Sheet as follows The comparative balance sheet for Fair Isle Travel Services, Inc. for December 31, 2017 and 2016 (Click the icon to view the comparative balance sheet) The following information is taken from the records of Fall Isle Travel Services, Inc (Click the icon to view the transaction data.) Prepare the statement of cash flows indirect method for Follole Travel Services, Incfor 2017 Fair Isle Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 2011 Prepare the statement one section at a time (Use parentheses on a mission to be to be subtracted Fair Isle Travel Services, Inc. Statement of Cash Flows Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities: 43.000 $ 11 000 1000 58.000 16 000 Adjustments to reconcile net income to cash basis Total current assets $ 185,000 $ 124.000 Transactions $ Equipment 110,000 $ 118,000 59.000 19.000) $2.0001 2.000 Less. Accumulated depreciation Total assets S 358 000 $ 289,000 a. Land was sold for $4,500. b. Equipment was purchased for cash c. There were no disposals of equipment de d. The common stock was issued for a e. Net income for 2017 was $37.000 f. Cash dividends paid during the year Liabilities $ 25,000 $ 35,000 Net cash provided by used for operatin Print Done in one Choose from any list or enter any number in the mouse click here 3 parts 3 remaining Check Answer Type here to search ote 9 A D / Equipment UZUUU Less: Accumulated depreciation (19,000) (12,000) 358,000 S 289,000 Total assets creases Liabilities Current liabilities: $ Accounts payable Wages payable Interest payable 25,000 $ 27,000 12,000 10,000 35,000 26,000 11,000 7.000 Income taxes payable Total current liabilities 74,000 $ 79,000 Notes payable (long-term) Total liabilities 102,000 93.000 176,000 $ 172,000 $ Stockholders' equity Common stock $ Retained earnings Total stockholders' equity 149,000 $ 115,000 33,000 2,000 182,000 $ 117,000 358,000 $ 289,000 Total liabilities and equity Print Done Check Answer A 7:54 PM 00 2/19/2020