prepare a statement of cash flows

I’m studying for my Accounting class and don’t understand how to answer this. Can you help me study?

Option #1: Operating Activities Analysis Exercises and Problems

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, 2014



Cost of Goods Sold


Depreciation Expense


Sales and General Expense


Interest Expense


Income Tax Expense


Net Income


Summer Peebles, Inc.
Balance Sheets as of December 31, 2013 and 2014







Accounts Receivable, Net






Current Assets



Fixed Assets, Net



Total Assets



Liabilities and Equity

Notes Payable to Banks



Accounts Payable



Interest Payable



Current Liabilities



Long-Term Debt



Deferred Income Tax



Capital Stock



Your submission should:

  • Include the Excel spreadsheet with computations.
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