E14-21 (similar to) 15 Question Help 0 The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities. Complete the statement one section at a time, beginning with the cash flows from operating activities. (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.) Data Table - X Energy Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 234,000 97,000 137,000 Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense Depreciation ExpensePlant Assets Total Operating Expenses Net Income Before Income Taxes $ 60,000 25,000 85.000 Net Cash Provided by (Used for) Operating Activities 52,000 6,000 Income Tax Expense Choose from any list or enter any number in the input fields and then click Check Answer. $ 46,000 Net Income More Info a. Acquisition of plant assets is $118,000. Of this amount, $107,000 is paid in cash and $11,000 by signing a note payable. b. Cash receipt from sale of land totals $24,000. There was no gain or loss. Cash receipts from issuance of common stock total $26,000. d. Payment of note payable is $10,000. e. Payment of dividends is $9,000. f. From the balance sheet: September 30 2018 2017 Cash $ Accounts Receivable $ 40,000 45,000 99,000 Merchandise Inventory Land 71,000 32,000 55,000 96,000 95,000 55,000 (24,000) 21,000 Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) 173,000 (49,000) 37,000 18,000 11,000 28,000 10,000 Common Stock no nar 35 000 9000 Print Done More Info b. c. d. e. f. Cash receipt from sale of land totals $24,000. There was no gain or loss. Cash receipts from issuance of common stock total $26,000. Payment of note payable is $10,000. Payment of dividends is $9,000. From the balance sheet: September 30 2018 2017 Cash $ Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par $ 40,000 45,000 99,000 71,000 173,000 (49,000) 37,000 18,000 11,000 35,000 278,000 32,000 55,000 96,000 95,000 55,000 (24,000) 21,000 28,000 10,000 9,000 241.000 Retained Earnings Print Done