LO 2,3, 4 Preparing the Statement of Cash Flows: Indirect Method E8A. Keeper Corporation's income statement for the year ended June 30, 2014, and its comparative balance sheets for June 30, 2014 and 2013 follow. Keeper Corporation Income Statement For the Year Ended June 30, 2014 Sales $234,000 Cost of goods sold 156,000 Gross margin $ 78,000 Operating expenses 45,000 Operating income $ 33,000 Interest expense 2,800 Income before income taxes $ 30,200 Income taxes expense 12,300 Net income $ 17,900 Keeper Corporation Comparative Balance Sheets June 30, 2014 and 2013 2014 2013 Assets Cash $ 69,900 $ 12,500 Accounts receivable (net) 21,000 26,000 Inventory 43,400 48,400 Prepaid expenses 3,200 2,600 Furniture 55,000 60,000 Accumulated depreciation-furniture (9,000) (5,000) Total assets $183,500 $144,500 Liabilities and Stockholders' Equity Accounts payable $ 13,000 $ 14,000 Income taxes payable 1,200 1,800 Notes payable (long-term) 37,000 35,000 Common stock, $10 par value 115,000 90,000 Retained earnings 17,300 3,700 Total liabilities and stockholders' equity $183,500 $144,500 Keeper issued a $22,000 note payable for purchase of furniture; sold at carrying value furniture that cost $27,000 with accumulated depreciation of $15,300; recorded depreciation on the furniture for the year, $19,300; repaid a note in the amount of $20,000; issued $25,000 of common stock at par value; and paid dividends of $4,300. Prepare Keeper's statement of cash flows for the year 2014 using the indirect method