Question: Please refer to data table and requirements for your answer. Right click on image and open image in new tab if text is too blurry.



Please refer to data table and requirements for your answer.
Right click on image and open image in new tab if text is too blurry.
Please type out your answer or use Excel as it is easier to read than handwriting.
The comparative balance sheet for Mosaic 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 Mosaic Travel Services, Inc.: (Click the icon to view the transaction data.) Mosaic 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. (Use parentheses or a minus sign for numbers to be subtracted or net cash outflow.) Transactions Mosaic Travel Services, Inc. Statement of Cash FlowsOperating Activities Section (Indirect Method) For the Year Ended December 31, 2021 Operating Activities: a. Land was sold for $10,700. 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 $12,000. Adjustments to reconcile net income to cash basis: Print Done Net cash provided by (used for) operating activities x Balance Sheet The comparative balance sheet for Mog (Click the icon to view the compara The following information is taken from (Click the icon to view the transacti Mosaic Travel Services, Inc., uses the i parentheses or a minus sign for numbe he statement of cash flows for 2021. (Use A B C 1 Mosaic Travel Services, Inc. Mos 2 Comparative Balance Sheets December 31, 2021 and 2020 Statement of Cash Flows- 3 For the YC 4 Assets 2021 2020 Operating Activities: 5 Current assets: S 40,000 $ 14,000 6 Cash 7 Accounts receivable Adjustments to reconcile net income 77,000 84,000 8 Inventory 63.000 23.000 12.000 15,000 9 Prepaid insurance 10 Total current assets $ 192,000 $ 136,000 11 12 Land $ 100,000 $ 114,000 78,000 55,000 13 Equipment 14 Less: Accumulated depreciation (20,000) (15,000) $ 350,000 $ 290,000 15 Total assets 16 Net cash provided by (used for) oper 17 Liabilities 18 Current liabilities: 19 Accounts payable $ 29,000 S 34,000 20 LS 22 onnl 20.00
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