The comparative balance sheet for Expedition Travel Services, Inc., for December 31, 2017 and 2016, is as follows: E: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Expedition Travel Services, Inc.: (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Expedition Travel Services, Inc., for 2017. Expedition Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Cash Accounts receivable 45,000 $ 77,000 60,000 12,000 11,000 87,000 17,000 17,000 Inventory Prepaid insurance Total current assets $ 194,000 $ 132,000 Land $ 107,000 $ 118,000 Equipment Less: Accumulated depreciation 83,000 56,000 (19,000) (13,000) $ 365,000 $ 293,000 Total assets Current liabilities: Accounts payable $ Wages payable 29,000 $ 31,000 18,000 8,000 33,000 24,000 17,000 5,000 Interest payable Income taxes payable Total current liabilities $ 86,000 $ 79,000 96,000 87,000 Notes payable (long-term) Total liabilities $ 182,000 $ 166,000 Stockholders' equity Common stock $ 141,000 $ 120,000 42,000 7,000 Retained earnings $ 183,000 $ 127,000 Total stockholders' equity $ 365,000 $ 293,000 Total liabilities and equity a. Land was sold for $7,400. 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 $40,000. f. Cash dividends paid during the year were $5,000. Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and decreases in cash.) Expedition Travel Services, Inc. Statement of Cash FlowsOperating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities: - Adjustments to reconcile net income to cash basis: Net cash provided by (used for) operating activities