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ALL QUESTION INFO IS PROVIDED. PLEASE ANSWER ALL. THANK YOU SO MUCH! i X - Data Table Energy Plus, Inc. Income Statement Year Ended September

ALL QUESTION INFO IS PROVIDED. PLEASE ANSWER ALL. THANK YOU SO MUCH!

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i X - Data Table Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 237,000 91,000 146,000 Cost of Goods Sold Gross Profit Operating Expenses. Salaries Expense Depreciation Expense-Plant Assets $ 58,000 22,000 80,000 Total Operating Expenses Net Income Before Income Taxes 66,000 8,000 Income Tax Expense $ 58,000 Net Income Print Done More Info a. Acquisition of plant assets is $128,000. Of this amount, $110,000 is paid in cash and $18,000 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 $32,000. d. Payment of note payable is $17,000. e. Payment of dividends is $11,000 f. From the balance sheet: Cash Accounts Receivable Merchandise Inventory Land Plant Assets September 30 2018 2017 $ 37,000 $ 16,000 42.000 59,000 92,000 83,000 67,000 96,000 198,000 70,000 (47,000) (25,000) 37,000 22,000 16,000 21,000 18,000 17,000 41,000 9,000 277,000 230,000 Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings Print Done Save 2 of 4 (0 complete) HW Score: 0%, 0 of 4 pts Homework: Appendix C Homework Score: 0 of 1 pt ECA-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.) Question Help O Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Use the transaction references in Panel B when selecting the transaction references in Panel A. (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed. Abbreviations used: Acquistion of Plant Assets by Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.) Energy Plus, Inc. Spreadsheet for Statement of Cash Flows Year Ended September 30, 2018 Balance Transaction Analysis DEBIT CREDIT Panel A-Balance Sheet: 9/30/2018 Cash Accounts Receivable Merchandise Inventory Plant Assets Balance 9/30/2017 16,000 59,000 83,000 70,000 37,000 42,000 92,000 198,000 Accumulated Depreciation-Plant Assets (25,000) 96,000 299,000 (47,000) 67,000 Land $ 389,000 Total Assets Accounts Payable Accrued Liabilities 22,000 21,000 17,000 37,000 16,000 18,000 Notes Payable Common Stock, no par Retained Earnings 9,000 230,000 299,000 41,000 277,000 389,000 Total Liabilities and Stockholders' Equity 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: gi) Net Cash Used for Investing Activities Net Cash Provided by Uperating Activities Cash Flows from Investing Activities: (gl) Net Cash Used for Investing Activities Cash Flows from Financing Activities: Net Cash Used for Financing Activities Non-cash Investing and Financing Activities: (92) Total Non-cash Investing and Financing Activities (92) Total

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