The comparative balance sheet for Seaway 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 Seaway Travel Services, Inc.: i) (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Seaway 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.) Seaway Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended December 31, 2021 Operating Activities: Adjustments to reconcile net income to cash basis:Balance Sheet A B C Seaway Travel Services, Inc. 2 Comparative Balance Sheets December 31, 2021 and 2020 4 Assets 2021 2020 5 Current assets: 6 Cash $ 43,000 $ 12,000 7 Accounts receivable 77,000 86,000 8 Inventory 59,000 17,000 9 Prepaid insurance 10,000 14.000 10 Total current assets $ 189,000 $ 129,000 11 12 Land $ 103,000 $ 119,000 13 Equipment 82.000 57.000 14 Less: Accumulated depreciation (21,000) (15,000) Print DonePart 1 of 4 O Pal The comparative balance sheet for Seaway Travel Services, Inc., for Dece (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Seaway Travel Serv A(Click the icon to view the transaction data ) 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 $39,000. f. Cash dividends paid during the year were $10,000. Print DoneQuestion 8, E13-15A (similar to) HW Score: 0%, 0 of 10 X Balance Sheet is 14 Less: Accumulated depreciation (21,000) (15,000) 15 Total assets $ 353,000 $ 290,000 16 17 Liabilities 18 Current liabilities: 19 Accounts payable $ 24,000 $ 39,000 20 Wages payable 28,000 19,000 21 Interest payable 12,000 10,000 ubt 22 Income taxes payable 6,000 4,000 23 Total current liabilities $ 70,000 $ 72,000 24 25 Notes payable (long-term) 101,000 92,000 26 Total liabilities $ 171,000 $ 164,000 27 Print Done 1 tv X MacBook AirX Balance Sheet 20 Wages payable 28,000 19,000 21 Interest payable 12,000 10,000 22 Income taxes payable 6,000 4,000 23 Total current liabilities S 70,000 $ 72,000 24 25 Notes payable (long-term) 101,000 92.000 26 Total liabilities $ 171,000 $ 164,000 27 28 Stockholders' equity 29 Common stock $ 150,000 $ 123,000 30 Retained earnings 32,000 3,000 31 Total stockholders' equity $ 182,000 $ 126,000 32 33 Total liabilities and equity $ 353,000 $ 290,000 Print Done tv MacBook Air