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The comparative balance sheet for Desmond Isle Travel Services, Inc., for December 31,2017 and 2016 , is as follows: (Click the icon to view the comparative balance sheet.) The following information is taken from the records of Desmond Isle Travel Services, Inc.: Balance Sheet (Click the icon to view the transaction data.) Prepare the statement of cash flows (indirect method) for Desmond Isle 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.) Transactions a. Land was sold for $8,700. 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 $34,000. f. Cash dividends paid during the year were $10,000. \begin{tabular}{|r|l|r|r|} \hline 17 & \multicolumn{1}{|c|}{ Liabilities } & & \\ \hline 18 & Current liabilities: & & \\ \hline 19 & Accounts payable & $26,000 & $38,000 \\ \hline 20 & Wages payable & 28,000 & 21,000 \\ \hline 21 & Interest payable & 15,000 & 13,000 \\ \hline 22 & Income taxes payable & 6,000 & 3,000 \\ \hline 23 & Total current liabilities & $75,000 & $75,000 \\ \hline 24 & & & \\ \hline 25 & Notes payable (long-term) & 93,000 & 84,000 \\ \hline 26 & Total liabilities & $168,000 & $159,000 \\ \hline 27 & & & \\ \hline 28 & & & \\ \hline 29 & Common stock & $154,000 & $122,000 \\ \hline 30 & Retained earnings & 29,000 & 5,000 \\ \hline 31 & Total stockholders' equity & $183,000 & $127,000 \\ \hline 32 & & & \\ \hline 33 & Total liabilities and equity & $351,000 & $286,000 \\ \hline \end{tabular}

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