Can you please re-answer the same problem with the new balance sheet and additional information? The first problem with all the numbers on it was the same problem, but the expert forgot to add the LOSS OF LAND. So I had to start over with a whole new problem and numbers, I just added that picture for reference.

The comparative balance sheet for Majestic Travel Services, Inc., for December 31, 2017 and 2016, is as follows: B Click the icon to view the comparative balance sheet.) The following information is taken from the records of Majestic Travel Services, Inc.: (Click the icon to view the transaction data.) Majestic 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.) Majestic Travel Services, Inc. Statement of Cash Flows-Operating Activities Section (Indirect Method) For the Year Ended December 31, 2017 Operating Activities: Net income 40,000 Adjustments to reconcile net income to cash basis: Depreciation expense $ 5,000 Decrease in accounts receivable Increase in inventory Decrease in prepaid insurance Decrease in accounts payable Increase in wages payable Increase in interest payable Increase in income taxes payable 5,000 (35,000) 1,000 (11,000) 11,000 2,000 2,000 Loss on sale of land 3,000 (17,000) Net cash provided by (used for) operating activities $ 23,000 Fair Isle Travel Services, Inc. Statement of Cash Flows-Operating 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 -