The comparative balance sheet for Dream Big Travel Services, Inc., for December 31, 2017 and 2016, is as follows: EEB (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Dream Big Travel Services, Inc.: (Click the icon to view the transaction data ) Dream Big 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.) Dream Big 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: Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Check Answer Clear All Ques Balance Sheet sh Dream Big Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets on of pa 2017 2016 Current assets: Cash Accounts receivable Inventory Prepaid insurance S 43,000 S 18,000 77,000 82,000 55,00016,000 10,000 13,000 S 185,000 S 129,000 as Total current assets Print Done Check Ans the-oper Transactions a. Land was sold for $5,000. 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 $38,000. m f. Cash dividends paid during the year were $13,000. Print Done Clear All Dream Big 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: Choose from any list or enter any number in the input fields and then click Check Answer All parts showing O Type here to search Net cash provided by (used for) operating activities Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Type here to search S 109,000 $ 117,000 76,00061,000 (20,000) (13,000) 350,000 $ 294,000 Land Equipment Less: Accumulated depreciation Total assets Liabilities Current liabilities: Accounts payable Wages payable Interest payable Income taxes payable S 29,000 S 39,000 27,000 21,000 12,000 10,000 8,000 5,000 S 76.000 S 75 000 Total current liabilities Print Done Interest payable Income taxes payable 12,000 10,000 5,000 $76,000 $ 75,000 Tr 8,000 Total current liabilities 93,000 86,000 Notes payable (long-term) Total liabilities $ 169,000 S 161,000 Stockholders' equity S 144,000 S 121,000 37,000 12,000 S 181,000 S 133,000 Common stock Retained earnings Total stockholders' equity S 350,000 $ 294,000 Total liabilities and equity Print Done