The comparative balance sheet for Expedition 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 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. Operating Activities: Adjustments to reconcile net income to cash basis: Net cash provided by (used for) operating activities i Balance Sheet Expedition Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: $ Cash Accounts receivable Inventory Prepaid insurance Total current assets 41,000 $ 79,000 57,000 8,000 15,000 81,000 16,000 10,000 $ 185,000 $ 122,000 Land Equipment $ 107,000 $ 115,000 78,000 56,000 (19,000) (12,000) Less: Accumulated depreciation Total assets $ 351,000 $ 281,000 Balance Sheet X $ Accounts payable Wages payable Interest payable Income taxes payable Total current liabilities 24,000 $ 31,000 36,000 18,000 13,000 12,000 6,000 4,000 $ 79,000 $ 65,000 95,000 87,000 Notes payable (long-term) Total liabilities $ 174,000 $ 152,000 Stockholders' equity Common stock Retained earnings Total stockholders' equity $ 134,000 $ 118,000 43,000 11,000 $ 177,000 $ 129,000 Total liabilities and equity $ 351,000 $ 281,000 Print Done i Transactions X 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. f. Cash dividends paid during the year were $6,000. Print Done