Using the financial data below, prepare a statement of cash flows for the year ended December 31, 2014 for Summer Peebles, Inc. using the indirect method.Summer Peebles, Inc.Income Statement Year Ending December 31, 2014Sales $1,000.00Cost of Goods Sold-$650.00Depreciation Expense-$100.00Sales and General Expense-$100.00Interest Expense-$50.00Income Tax Expense-$40.00Net Income $60.00Summer Peebles, Inc.Balance Sheets as of December 31, 2013 and 2014Assets20132014Cash $50.00 $60.00Accounts Receivable, Net $500.00 $520.00Inventory $750.00 $770.00Current Assets $1,300.00 $1,350.00Fixed Assets,
Net $500.00 $550.00Total Assets $1,800.00 $1,900.00Liabilities and EquityNotes Payable to Banks $100.00 $75.00Accounts Payable $590.00 $615.00Interest Payable $10.00 $20.00Current Liabilities $700.00 $710.00Long-Term Debt $300.00 $350.00Deferred Income Tax $300.00 $310.00Capital Stock $400.00 $400.00Your submission should: Include the Excel spreadsheet with computations. Follow the CSU-Global Guide to Writing and APA Requirements (Links to an external site.)Links to an external site..
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