Prepare Capitol Hill Corporation's statement of cash flows for the year ended June 30, 2024. Use the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) Capitol Hill Corporation Statement of Cash Flows More Info Year Ended June 30, 2024 Cash Flows from Operating Activities: Receipts: Collections from customers are $17,000 more than sales. a. Dividend revenue, interest expense, and income tax expense equal their cash amounts. b. Payments to suppliers are the sum of cost of goods sold plus advertising expense. c. d. Payments to employees are $1,500 more than salaries expense. Cash payment for the acquisition of plant assets is $103,000. Total Cash Receipts 0. Payments: f. Cash receipts from sale of land total $27,000. Cash receipts from issuance of cormmon stock total $31,000. Payment of long-term notes payable is $14,000. g. h. i. Payment of dividends is $10,000. J. Cash balance at June 30, 2023, was $25,000; at June 30, 2024, it was $27,000. Total Cash Payments Print Done Net Cash Provided by (Used for) Operating Activities 1 More Info i Data Table a. Acquisition of plant assets is $122,000. Of this amount, $109,000 is paid in cash and $13,000 by signing a note payable. b. Cash receipt from sale of land totals $29,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $35,000. Health Plus, Inc. Income Statement d. Payment of note payable is $12,000. e. Payment of dividends is $14,000. f. From the balance sheet: Year Ended September 30, 2024 Net Sales Revenue $ 234,000 97,000 Cost of Goods Sold September 30 Gross Profit 137,000 2024 2023 Operating Expenses: Cash $ 36,000 $ 25,710 Salaries Expense 2$ 58,000 Accounts Receivable 39,000 51,000 28.000 Merchandise Inventory 90,000 85,000 Depreciation Expense-Plant Assets 86,000 Land 84,000 113,000 Total Operating Expenses Plant Assets 197,000 75,000 Net Income Before Income Taxes 51,000 10.710 Accumulated Depreciation (43,000) (15,000) Income Tax Expense Accounts Payable 35,000 25,000 $ 40,290 Net Income Accrued Llabllities 18,000 22,000 Notes Payable (long-term) 13,000 12,000 Prepare Capitol Hill Corporation's statement of cash flows for the year ended June 30, 2024. Use the direct method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement leave the box empty: do not select a label or enter a zero.) Capitol Hill Corporation Statement of Cash Flows Year Ended June 30, 2024 Cash Flows from Operating Activities: Receipts Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Sale of Land Collections from Customers Dividends Received on Investments For Income Tax For Interest in Accounts Payable Increase in Accounts Receivable To Employees To Suppliers Choose from any list or enter any number in the input fields and then click Check Answer. 3 parts Clear All Check Answer Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, June 30, 2017 Cash Balance, June 30, 2018 Data Table Year Ended June 30, 2024 Net Sales Revenue 2$ 224,000 108,000 Cost of Goods Sold Gross Profit 116,000 Operating Expenses: Salaries Expense 2$ 46,000 Depreciation Expense-Plant Assets 24,000 13,000 Advertising Expense 83,000 Total Operating Expenses Operating Income 33,000 Other Income and (Expenses): Dividend Revenue 8,000 Interest Expense (3,000) Total Other Income and (Expenses) 5,000 Net Income Before Income Taxes 38,000 Income Tax Expense 6,500 2$ 31,500 Net Income Print Done