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Travel Products Inc. Income Statement Year end December 31, 2014 Revenues: Service Revenue $235,000 Dividend revenue $8,200 Total revenues $243,200 Expenses: Cost of goods sold......103,000
Travel Products Inc. Income Statement Year end December 31, 2014 Revenues: Service Revenue $235,000 Dividend revenue $8,200 Total revenues $243,200 Expenses: Cost of goods sold......103,000 Salary expense.......58,000 Depreciation expense.....21,000 Advertising expense.....2,900 Interest expense.......3,300 Income tax expense.......6,000 Total expense.....194,200 Net Income.....49,000 Prepare the Statement of cash flows for the year ended December 31, 2014, using the indirect method
Year end December 31, 2014
Revenues:
Service Revenue $235,000
Dividend revenue $8,200
Total revenues $243,200
Expenses:
Cost of goods sold......103,000
Salary expense.......58,000
Depreciation expense.....21,000
Advertising expense.....2,900
Interest expense.......3,300
Income tax expense.......6,000
Total expense.....194,200
Net Income.....49,000
Prepare the Statement of cash flows for the year ended December 31, 2014, using the indirect method
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