Using the data given in E13-22B, prepare the statement of cash flows (indirect method) for Seaway Travel Services, Inc., for 2017.

Seaway Travel Services, Inc. Comparative Balance Sheets December 31, 2017 and 2016 Assets 2017 2016 Current as sets: Cash Accounts recelvable 8 Inventory 9 Prepald Insurance Total current assets 45,000 $ 75,000 59,000 12,000 81,000 19,000 17,000 129,000 14,000 193,000 $ 10 11 101,000 S 76,000 (19,000) 351,000 S 117,000 56,000 (14,000) 288,000 12 Land 13 Equipment 14 Less: Accumulated depreciation 15 Total assets 16 Liabilities 17 18 Current llabilitles: 19 Accounts payable 20 Wages payable 21 Interest payable 22 Income taxes payable Total current llablities 25,000 32,000 14,000 12,000 83,000 S 32,000 21,000 12,000 10,000 75,000 23 24 25 Notes payable (long term) 26 Total liabllities 27 28 29 Common stock 30 Retalned earnings 31 Total stockholders' equity 32 33 Total llabilitles and equity 98,000 181,000 S 88,000 163,000 Stockholders' equlty 125,000 S 45,000 170,000 S 115,000 10,000 125,000 351,000 $ 288,000 34