The comparative balance sheet for Eastern Travel Services, Inc., for December 31,2014 and 2013, is as follows:

Eastern Travel Services, Inc.

Comparative Balance Sheets

December 31, 2014 and 2013

Assets 2014 2013

Current Assets: Cash 44,000 14,000 Accounts Receivable 75,000 84,000 Inventory 60,000 23,000 Prepaid Insurance 13,000 17,000

Total Current Assets 192,000 138,000

Land 105,000 117,000 Equipment 81,000 56,000 Less: Accumulated Depreciation (17,000) (12,000)

Total Assets 361,000 299,000

Liabilities Current Liabilities Accounts Payable 27,000 31,000 Wages Payable 26,000 22,000 Interest Payable 16,000 14,000 Income Taxes Payable 6,000 4,000 Total Current Liabilities 75,000 71,000

Notes Payable (long term) 96,000 90,000 Total Liabilities 171,000 161,000

Stockholders Equity

Common Stock 145,000 119,000 Retained Earning 45,000 19,000 Total Stockholders Equity 190,000 138,000

Total Liabilities and Equity 361,000 299,000

More Info: A. Land was sold for 8100 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 2014 was 33,000 F. Cash dividends paid during the year were 7,000

Question: Eastern Travel Services, Inc Statement of Cash Flows- Operating Activities Section (Indirect Method) For the Year Ended December 31, 2014

Operating Activities:
Adjustments to reconcile net income to cash basis
Net Cash Provided by (Used for) operating activities