Data Table More Info a. Acquisition of plant assets is $121,000. Of this amount, $102,000 is paid in cash Boost Plus, Inc. Income Statement Year Ended September 30, 2016 and S19,000 by signing a note payable Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: $ 230,000 90,000 140,000 b. Cash receipt from sale of land totals $21,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $33,000 d. Payment of note payable is $18,000 e. Payment of dividends is $13,000 f. From the balance sheet: September 30 2016 2015 $ 51,000 28,000 Salaries Expense Depreciation Expense-Plant Assets Total Operating Expenses Cash Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depreciation Land Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings $ 31,000 9,000 56,000 85,000 90,000 (15,000) 103,000 21,000 18,000 18,000 5,000 266,000 38,000 92,000 211,000 (43,000) 82,000 36,000 10,000 19,000 38,000 308,000 Net Income Before Income Taxes ncome Tax Expense Net Income 79,000 61,000 6,000 $ 55,000 Print Done