Homework: Chapter 14 Homework Save Score: 0.97 of 3 pts 4 of 6 (3 complete) HW Score: 39.68%, 3.97 of 10 pts W E14-21 (similar to) Question Help The income statement and additional data of Vitamins Plus, Inc. follows: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Vitamins 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.) Vitamins Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Net Income $ 59,000 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation ExpensePlant Assets Decrease in Accounts Receivable $ Increase in Merchandise Inventory Increase in Accounts Payable 30,000 19,000 (5,000) 11,000 (11,000) Decrease in Accrued Liabilities 44,000 103,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stock Cash Payment of Notes Payable Cash Payment of Dividends 33,000 (19,000) (6,000) 1 8,000 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, September 30, 2017 Cash Balance, September 30, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities te the statement one section at a time, beginning with the cash flows from operating activities. (Use Vitamins Plus, Inc. More Info i Data Table 59,000 Vitamins Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue a. Acquisition of plant assets is $125,000. Of this amount, $105,000 is paid in cash and $20,000 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 $19,000. e. Payment of dividends is $6,000. f. From the balance sheet: $ September 30 236,000 89,000 2018 2017 Cost of Goods Sold Cash $ 32,000 $ Gross Profit 147,000 4,000 56,000 Accounts Receivable 37,000 Operating Expenses: Merchandise Inventory Salaries Expense $ 50,000 30,000 44,000 Land Depreciation ExpensePlant Assets 103,000" 80,000 Total Operating Expenses Net Income Before Income Taxes 97,000 83,000 210,000 (50,000) 40,000 10,000 20,000 38,000 92,000 105,000 85,000 (20,000) 29,000 21,000 Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings 67,000 8,000 Income Tax Expense $ 59,000 Net Income 19,000 5,000 83,000) 301,000 248,000 Print Done Print Done Cash Receipt from Issuance of Common Stock 33,000