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