Using the following financial data , using the indirect method , Summer Peebles, Inc. Prepare a cash flow statement for the year ended December 31, 2014 . Please show the final result with data. How do you use the indirect method and what calculations are made? Also, if cash flows are for 2014, why is 2013 data valid? Please show the work.

Summer Peebles, Inc.
Income Statement Year Ended 31 December 2014

Sales	1.000,00 $
cost of goods sold	-650,00$
Depreciation Expense	-100,00$
Sales and Overhead	-100,00$
interest expense	-50,00$
Income Tax Expense	-40,00$
Net income	60,00 $

Summer Peebles, Inc.
Balance Sheets as of 31 December 2013 and 2014

assets	2013	2014
in advance	50,00 $	60,00 $
Receivables, Net	500,00 $	520,00 $
Inventory	750,00 $	770,00 $
Current Assets	1.300,00 $	1.350,00 $
Fixed Assets, Net	500,00 $	550,00 $
Total Assets	1.800,00 $	1.900,00 $
Obligation and egalitarianism
Debt Securities to Banks	100,00 $	75,00 $
Accounts payable	590,00 $	615,00 $
Interest payable	10,00 $	20,00 $
Current Liabilities	700,00 $	710,00 $
long-term debt	300,00 $	350,00 $
deferred tax	300,00 $	310,00 $
Capital Stock	400,00 $	400,00 $