The comparative balance sheet for Anderson Travel Services, Inc., for December 31, 2012 and 2011, is as follows:

The following information is taken from the records of Anderson Travel Services, Inc.:
a. Land was sold for $13,200.
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 2012 was $32,000.
f. Cash dividends paid during the year were $5,000.
Anderson 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 2012.

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Anderson Travel Services, Inc. Balance Sheet As of December 31, 2012 and 2011 2012 2011 Assets Cash Accounts receivable (net) In Prepaid insurance Land Equipment, net Accumulated depreciation-equipment S 44,000 18,000 79,000 82,000 57,000 16,000 9,00014,000 104,000 121,000 53,000 (20.000) 15.000) $357,000 $289,000 84,000 Total Liabilities and Stockholders' equity Accounts payable Wages payable Interest payable Income tax paya Notes payable, long-term S 28,000 32,000 26,000 23,000 5,000 13,000 7,000 89,000 $178,000 $164,000 142,000 115,000 37,000 10,000 $179,000 $125,000 $357,000 $289,000 10,000 99,000 Total liabilities Common stock Retained e Total stockholders' equity Total liabilities and stockholders' equity