5 of 6 (0 complete) i Data Table - X pth pre us 232,000 91,000 141,000 Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense $ 60,000 Depreciation Expense-Plant Assets 26,000 Total Operating Expenses Net Income Before Income Taxes Income Tax Expense $ Net Income 86,000 55,000 4,000 51,000 ant Print Done any more Clear All 5 or 6 (0 complete) i More Info + adshe ed: AC a. Acquisition of plant assets is $115,000. Of this amount, $104,000 is paid in cash and $11,000 by signing a note payable. b. Cash receipt from sale of land totals $22,000. There was no gain or loss. C. Cash receipts from issuance of common stock fotal $33,000. d. Payment of note payable is $10,000. e. Payment of dividends is $8,000. f. From the balance sheet: lance 10/2018 Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities September 30 2018 2017 $ 33,000 $ 8,000 48,000 58,000 90,000 81,000 72,000 94,000 195,000 80,000 (38,000) (12,000) 38,000 20,000 20,000 24,000 33,00 48,000 90,000 195,000 (38,000 72,000 Print Done Prtson Home FS F6 5 of 6 (0 complete) More Info U. SITTecerpts Tromissuance or comITIOTT STOCK wotars,UUU. d. Payment of note payable is $10,000. e. Payment of dividends is $8,000. f. From the balance sheet: Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings September 30 2018 2017 $ 33,000 $ 8,000 48,000 58,000 90,000 81,000 72,000 94,000 195,000 80,000 (38,000) (12,000) 38,000 20,000 20,000 24,000 11,000 10,000 40,000 7,000 248.000 291,000 Print Done 5 of 6 (0 complete) Data Table pdsh ed: A $ 232,000 91,000 Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense $ 60,000 Depreciation Expense-Plant Assets 26,000 Total Operating Expenses Net Income Before Income Taxes 141,000 ce s lance /2018 33,0 48,0 90,0 195,0 86,000 55,000 4.000 Income Tax Expense $ 51,000 t Ass Net Income 38,00 72.00 Print Print [Done Done y num Clear All E14B-31 (similar to) The income statement and additional data of Energy Plus, Inc. follow: Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Balance Energy Plus, Inc. Spreadsheet for Statement of Cash Flows Year Ended September 30, 2018 Balance Transaction Analysis Panel A-Balance Sheet: 9/30/2017 DEBIT CREDIT Cash 8,000 Accounts Receivable 58,000 Merchandise Inventory 81,000 Plant Assets 80,000 9/30/2018 33,000 48,000 90,000 195,000 Accumulated Depreciation Plant Assets (12,000) 94,000 Land (38,000) 72,000 400.000 $ 309,000 Total Assets Accounts Payable 20,000 38,000 Choose from any list or enter any number in the input fields and then click Check Answer. Homework: Chapter 14 Homework Score: 0 of 1 pt 5 of 6 (0 complete) HW Scc E14B-31 (similar to) EQI The income statement and additional data of Energy Plus, Inc. follow: E Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Accounts Payable Accrued Liabilities 20,000 24,000 10,000 38,000 20,000 11,000 Notes Payable Total Liabilities 54,000 69,000 Common Stock, no par 7,000 248,000 Retained Earnings 40,000 291,000 400,000 Total Liabilities and Stockholders' Equity 309,000 Panel B-Statement of Cash Flows: Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer Ice Statemen di UUU U UILHelyy US, WH. TUW. ES: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Panel B-Statement of Cash Flows: Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Net Cash Used for Investing Activities Cash Flows from Financing Activities: Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect meth TV U rruvivu wy operany NOVIES Cash Flows from Investing Activities: (91) Net Cash Used for Investing Activities Cash Flows from Financing Activities: J DLL (k) Net Cash Used for Financing Activities (1) Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities (92) Total Choose from any list or enter any number in the innuit fields and then click Che