The comparative balance sheet for Mosaic Travel Services, Inc., for December 31, 2023 and 2022, is as follows: View the comparative balance sheet. The following information is taken from the records of Mosaic Travel Services, Inc.: View the transaction data Prepare the statement of cash flows (indirect method) for Mosaic Travel Services, Inc., for 2023, Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and decreases in cash.) Mosaic Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) Operating Activities: For the Year Ended December 31, 2023 Adjustments to reconcile net income to cash basis: h Net cash provided by (used for) operating activities Investing Activities: Net cash provided by (used for) investing activities Financing Activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year www Comparative Balance Sheet Mosaic Travel Services, Inc. Comparative Balance Sheets December 31, 2023 and 2022 Assets 2023 2022 Current assets: Cash Accounts receivable Inventory Prepaid insurance Total current assets 40,000 $ 19,000 81,000 83,000 63,000 18,000 14,000 15,000 $ 198,000 $ 135,000 Land Equipment Less: Accumulated depreciation Total assets $ 102,000 $ 114,000 83,000 (20,000) 57,000 (14,000) $ 363,000 $ 292,000 Current liabilities: Liabilities Accounts payable Wages payable Interest payable Income taxes payable Total current liabilities 23,000 $ 34,000 32,000 19,000 19,000 18,000 6,000 3,000 $ 80,000 $ 74,000 Notes payable (long-term) Total liabilities 94,000 86,000 $ 174,000 $ 160,000 Stockholders' equity Common stock Retained earnings Total stockholders' equity $ 148,000 $ 119,000 41,000 13,000 $ 189,000 $ 132,000 Total liabilities and equity $ 363,000 $292,000 Transactions a. Land was sold for $8,800. 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 2023 was $38,000. f. Cash dividends paid during the year were $10,000.