The comparative balance sheet for Seaway 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 Seaway Travel Services, Inc.: (Click the icon to view the transaction data.) Seaway Travel Services, Inc., uses the indirect method for preparing the statement of cash flows. Prepare the operating section of the statement of cash flows for 2017. (Use parentheses or a minus sign for numbers to be subtracted or net cash outflow.) Seaway 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 Seaway Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Cash $ Accounts receivable 42,000 $ 83,000 55,000 14,000 18,000 84,000 21,000 15,000 Inventory Prepaid insurance Total current assets $ 194,000 $ 138,000 Land $ Equipment 100,000 $ 117,000 82,000 61,000 (21,000) (14,000) 355,000 $ 302,000 Less: Accumulated depreciation $ Total assets Current liabilities: $ Accounts payable Wages payable Interest payable 26,000 $ 30,000 11,000 12,000 37,000 20,000 10,000 9,000 Income taxes payable Total current liabilities $ 79,000 $ 76,000 Notes payable (long-term) 97,000 89,000 Total liabilities $ 176,000 $ 165,000 Stockholders' equity Common stock Retained earnings $ 130,000 $ 114,000 49,000 23,000 $ 179,000 $ 137,000 Total stockholders' equity $ 355,000 $ 302,000 Total liabilities and equity Transactions a. Land was sold for $13,800. 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 2017 was $30,000. f. Cash dividends paid during the year were $4,000