Please Include FORMULA

Apply Your Skills 87 Apply Your Skills EA3-A1 Create the Statement of Cash Flows for Tight Flying Co. In this exercise, you will use the indirect method to create the statement of cash flows in Excel for Tight Flying Co. The following amounts relate to June of 2016. Net Income Depreciation Expense Accounts Receivable (beginning) Accounts Receivable (ending) Accounts Payable (beginning) Accounts Payable (ending) $28,000 $2,000 $9,600 $13,200 $4,600 Sale of Equipment Sale of Furniture Notes Payable (beginning) Notes Payable (ending) Stacey Feinberg, Drawing Cash (beginning balance) $1,700 $9,300 $15,800 $4,800 $20,000 $9,300 $80,100 1. Open EA3-A1-StatementofCF from your Chapter 03 folder and save it as: EA3-A1-StatementofCF-[YourName) 2. Enter the data as described into the correct cells for the first section of the statement: In this row: Cell A5 Cells A6 and C6 Cells A7 and C7 Cells A8 and C8 Cells A9 and C9 Cells A10 and D10 Enter the data for the: Header (no colon at end) First item in this section and its associated amount Only expense item and its associated amount First of the remaining two items and its associated amount Final item and its associated amount Final description for (no colon) and a formula to summarize the items in the first section Hint: Enter the items in rows 8-9 in the order they would appear in the balance sheet. Complete the Second Section of the Statement of Cash Flows 3. Enter the data as described into the correct cells for the second section of the statement: In this row: Cell A12 Cells A13 and C13 Cells A14 and C14 Enter the data for the Header (no colon at end) First item in this section and its associated amount Second item in this section and its associated amount Final description for (no colon) and a formula summarize the items in the second section Cells A15 and D15 Hint: Enter items alphabetically in this