$ Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense $ 57,000 Depreciation Expense Plant Assets 26,000 239,000 96,000 143,000 83,000 Total Operating Expenses Net Income Before Income Taxes ctiv Income Tax Expense 60,000 5,000 55,000 ncing Net Income $ a. Acquisition of plant assets is $126,000. Of this amount, $107,000 is paid in cash and $19,000 by signing a note payable. b. Cash receipt from sale of land totals $22,000. 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 $10,000. f. From the balance sheet: September 30 2018 2017 $ $ cing Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities 30,000 36,000 96,000 74,000 201,000 (58,000) 30,000 11,000 7,000 54,000 93,000 96,000 75,000 (32,000) 19,000 15,000 d Find ter any Print Done Clear All LUTUU UMO) The income statement and additional data of Energy Plus, Inc. follow: (Click the icon to view the income statement.) A Click the icon to view the additional data.) E14B-31 (similar to) Questid 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.) 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 en 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 As Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.)