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a. Acquisition of plant assets is $119,000. Of this amount, $109,000 is paid in cash and $10,000 by signing a note payable. b. Cash receipt

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a. Acquisition of plant assets is $119,000. Of this amount, $109,000 is paid in cash and $10,000 by signing a note payable. b. Cash receipt from sale of land totals $28,000. There was no gain or loss c. Cash receipts from issuance of common stock total $30.000. d. Payment of note payable is $9,000. e. Payment of dividends is $14,000. f. From the balance sheet: Income Statement Year Ended September 30, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit $240,00099,000141,000 Operating Expenses: Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Receipt from Sale of Land Cash Payment tor Acquisition of Hant Assets Cash Receipt from Sale of Land Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Cash Receipt from Issuance of Common Stock Cash Payment of Notes Payable Cash Payment of Dividends Net Cash Provided by (Used for) Financing Activities Net Increase in Cash Cash Balance, September 30, 2023 Cash Balance, September 30, 2024 a. Acquisition of plant assets is $119,000. Of this amount, $109,000 is paid in cash and $10,000 by signing a note payable. b. Cash receipt from sale of land totals $28,000. There was no gain or loss c. Cash receipts from issuance of common stock total $30.000. d. Payment of note payable is $9,000. e. Payment of dividends is $14,000. f. From the balance sheet: Income Statement Year Ended September 30, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit $240,00099,000141,000 Operating Expenses: Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Receipt from Sale of Land Cash Payment tor Acquisition of Hant Assets Cash Receipt from Sale of Land Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Cash Receipt from Issuance of Common Stock Cash Payment of Notes Payable Cash Payment of Dividends Net Cash Provided by (Used for) Financing Activities Net Increase in Cash Cash Balance, September 30, 2023 Cash Balance, September 30, 2024

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