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Keeper Corporation’s income statement for the year ended June 30,

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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 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 indirectmethod.

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