Using the data given in E13-12A, prepare the statement of cash flows (indirect method) for Coastal Travel Services, Inc., for 2017.

Coastal Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current as sets: 6 Cash 7 Accounts recelvable 8 Inventory 9 Prepald Insurance Total current assets 44.000 S 17,000 85,000 20,000 16,000 138,000 80,000 61,000 8,000 193,000 S 10 11 12 Land 13 Equipment 14 Less: Accumulated depreclation 15 Total assets 16 108,000 S 80,000 (16,000) 365,000 S 121,000 58,000 (11,000) 306,000 IS Liabilities 17 18 Current labilities: 19 Accounts payable 20 Wages payable 21 Interest payable 22 Income taxes payable Total current llabilitles 30,000 $ 36,000 IS 35,000 27,000 15,000 8,000 86,000 16,000 11,000 92,000 S 23 24 25 Notes payable (long term) 26 Total llabllitles 27 91,000, 177,000 100,000 192,000 S Stockholders' equity 28 29 Common stock 30 Retalned earnings 31 Total stockholders' equity 32 33 Total llabilitles and equity 136,000 $ 37,000 173,000 S 116,000 13,000 129,000 365,000 S 306,000 34