The comparative balance sheet for Seaway Travel Services, Inc., for December 31, 2021 and 2020, is as follows:

The following information is taken from the records of Seaway Travel Services, Inc.:
a. Land was sold for $13,000.
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 $40,000.
f. Cash dividends paid during the year were $5,000.

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 2021.

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A 1 2 3 4 5 6 Current assets: Cash A 7 Accounts receivable 8 Inventory 9 Prepaid insurance 10 Total current assets 11 12 Land 13 Equipment 14 Less: Accumulated depreciation 15 Total assets Seaway Travel Services, Inc. Comparative Balance Sheets December 31, 2021 and 2020 Assets $ $ $ $ B 2021 45,000 $ 75,000 59,000 14,000 193,000 $ 101,000 $ 76,000 (19,000) 351,000 $ 2020 12,000 81,000 19,000 17,000 129,000 117,000 56,000 (14,000) 288,000