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The comparative balance sheet for Journey Travel Services, Inc., for December 31, 2021 and 2020, is as follows: (Click the icon to view the
The comparative balance sheet for Journey Travel Services, Inc., for December 31, 2021 and 2020, is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Journey Travel Services, Inc.: i (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Journey Travel Services, Inc., for 2021. Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and decreases in cash.) Journey Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) Operating Activities: For the Year Ended December 31, 2021 Adjustments to reconcile net income to cash basis: Transactions a. Land was sold for $12,900. 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 2021 was $41,000. f. Cash dividends paid during the year were $13,000. Print Done -
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