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

The following information is taken from the records of Mosaic Travel Services, Inc.:
a. Land was sold for $ 5,600.
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 $ 10,000. 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 for2014.

Mosalc Travel Services, Inc. Comparative Balance Sheets December 31, 2014 and 2013 Assets 2014 2013 5 Current assets 6 Cash 7 Accounts recelvable 8 Inventory 9 Propaid insurance 10Total current assets 11000 S 78,000 58,000 9,000 18,000 79,000 18,000 12,000 105,0005 114,000 57,000 12 Land 13 Equipment 14 Lss: Accumulated depreciation 15 Total assets 16 17 18 Current Eabilities: 19 Accounts pay able 20 Wages payable 21 Interost pay able 22 Income taxes payable 23 Total current labilities 24 25 Notes payable (iong term) 26 Total liabilities 83,000 15,000 5 -329000 -290,000 Labilities 28,000 26,000 12,000 37,000 24,000 73,000 96,000 76,000 87,000 $169,000 163,000 129000 $ 119,000 127,000 Stockholders' equity 28 29 Common stock 30 Retained earnings 31 Total stockholders' equity 32 33 Total liabilities and equity 34 160,0005 $329000 290 000