The comparative balance sheet for Eastern Travel Services, Inc., for December 31, 2017 and 2016, is as follows: E: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Eastern Travel Services, Inc.: (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Eastern Travel Services, Inc., for 2017. Prepare the statement one section at a time. (Use parentheses or a minus sign for numbers to be subtracted and decreases in cash.) Eastern 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 Balance Sheet Eastern Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current assets: Cash $ Accounts receivable 40,000 $ 77,000 58,000 9,000 11,000 81,000 16,000 14,000 Inventory Prepaid insurance Total current assets $ 184,000 $ 122,000 Land $ Equipment 106,000 $ 117,000 77,000 60,000 (22,000) (15,000) Less: Accumulated depreciation $ 345,000 $ 284,000 Total assets Transactions a. Land was sold for $7,000. 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 2017 was $41,000. Cash dividends paid during the year were $6.000. Print Done