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just looking to fill in the table, thank you and much apreciated Daily Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue
just looking to fill in the table, thank you and much apreciated
Daily Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 240,000 Cost of Goods Sold 98,000 Gross Profit 142,000 Operating Expenses: Salaries Expense $ 58,000 24,000 Depreciation Expense-Plant Assets 82,000 Total Operating Expenses Net Income Before Income Taxes 60,000 5,000 Income Tax Expense $ $ 55,000 Net Income C. a. Acquisition of plant assets is $121,000. Of this amount, $110,000 is paid in cash and $11,000 by signing a note payable. b. Cash receipt from sale of land totals $29,000. There was no gain or loss. Cash receipts from issuance of common stock total $31,000. d. Payment of note payable is $10,000. Payment of dividends is $7,000. f. From the balance sheet: G G G e. September 30 2018 2017 Cash $36,000.00 $14,000.00 Accounts Receivable 50,000 60,000 Merchandise Inventory 89,000 84,000 Land 84,000 113,000 Plant Assets 176,000 55,000 Accumulated Depreciation -44,000 -20,000 Accounts Payable 37,000 28,000 Accrued Liabilities 17,000 21,000 Notes Payable (long-term) 11,000 10,000 Common Stock, no par 44,000 13,000 Retained Earnings 282,000 234,000 Daily Plus, Inc. Statement of Cash Flows Year Ended September 30, 2016 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities 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: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, September 30, 2015 Cash Balance, September 30, 2016 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Step by Step Solution
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