E14-21 (similar to) Question Help The income statement and additional data of Minerals Plus, Inc. follows: 3(Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Minerals 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. - X 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 pay is not used in the statement leave the box emnts do not selecta lahel or entera zero.) * More Info Minerals Plus, Inc. 0 Data Table Statement of Cash Flows a. ACQUISILIOTT UT pian assets IS SIZZUUU. UILIS amount, STTU,UUU IS parum Year Ended September 30, 2018 cash and $12,000 by signing a note payable. Cash Flows from Operating Activities: Minerals Plus, Inc. b. Cash receipt from sale of land totals $24,000. There was no gain or loss. Net Income Income Statement c. Cash receipts from issuance of common stock total $32,000. Adjustments to Reconcile Net Income to Net Cash Year Ended September 30, 2018 d. Payment of note payable is $11,000. e. Payment of dividends is $8,000. Provided by (Used for) Operating Activities: Net Sales Revenue $ 233,000 f. From the balance sheet: Cost of Goods Sold 97,000 September 30 136,000 2018 2017 Operating Expenses: $ 38,000 $ 31,000 Salaries Expense $ 57,000 Accounts Receivable 47,000 58,000 Depreciation ExpensePlant Assets 29,000 Merchandise Inventory 91,000 84,000 Total Operating Expenses 86,000 Land 62,000 86,000 Net Income Before Income Taxes 50,000 Plant Assets 152,000 30,000 Net Cash Provided by (Used for) Operating Activities Income Tax Expense 9,000 Accumulated Depreciation (39,000) (10,000) $ 41,000 Net Income Accounts Payable 33,000 18,000 Choose from any list or enter any number in the input fields and then click Check Answer. Accrued Liabilities 13,000 22,000 3 parts 12,000 Notes Payable (long-term) 11,000 remaining Print Done Common Stock, no par 43,000 11,000 Gross Profit Cash Previous Next