The comparative balance sheet for Fair Isle 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 Fair Isle Travel Services, Inc.: (Click the icon to view the transaction data) Prepare the statement of cash flows (indirect method) for Fair Isle Travel Services, Inc., for 2017 Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and decreases in cash.) Fair Isle 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: Net cash provided by (used for) operating activities Balance Sheet - X in cash.) Prepare the statement one section at ati Fair is Statement of Cash Flows-0 For the Yea Operating Activities: Adjustments to reconcile net income to Fair Isle Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Cash $ 42.000 $ 18,000 Accounts receivable 78.000 87.000 Inventory 56,000 24,000 Prepaid insurance 9,000 11,000 Total current assets $ 185,000 $ 140,000 Land $ Equipment 110,000 $ 83.000 (16,000) 119,000 53.000 (9.000) Net cash provided by (used for) operat Less: Accumulated depreciation $ 362,000 $ 303,000 Total assets Liabilities $ Current liabilities: Accounts payable Wages payable Interest payable 26,000 $ 28.000 14.000 9.000 31,000 22.000 12.000 7.000 Income taxes payable Total current liabilities $ 77,000 $ 72.000 96,000 88.000 Notes payable (long-term) Total liabilities $ 173.000 $ 160,000 Stockholders' equity Common stock $ Retained earnings 141,000 $ 120,000 48,000 23,000 189,000 $ 143,000 Total stockholders' equity $ $ 362,000 $ 303,000 Total liabilities and equity Print Done Net cash provided by (used for) operating Transactions a. Land was sold for $5,600. 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 $35,000 f. Cash dividends paid during the year were $10.000 Print Done