Learning Objective 2 E16-21 Preparing the statement of cash flows-indirect method The income statement of Boost Plus, Inc. follows: Net Cash Prow. by Op. Act. $98.000 BOOST PLUS, INC. Income Statement Year Ended September 30, 2018 $ 231.000 94.000 137.000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Total Operating Expenses Net Income Before Income Taxes Income Tax Expense Net Income $ 54,000 27.000 81.000 56,000 3.000 $53.000 Additional data follow: a. Acquisition of plant assets is $124,000. Of this amount, $108,000 is paid in cash and $16,000 by signing a note payable. b. Cash receipt from sale of land totals $20,000. There was no gain or loss c. Cash receipts from issuance of common stock total $36,000 d. Payment of notes payable is $15,000. e. Payment of dividends is $5,000. f. From the balance sheet: Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings September 30 2018 2017 $ 39,000 $ 13,000 46,000 61.000 94.000 88.000 82,000 102,000 214,000 90,000 (61,000) 134,000) 32,000 15,000 12,000 20,000 16,000 15,000 40,000 4,000 314,000 266,000 Prepare Boost Plus's statement of cash flows for the vear ended September using the indirect method. Include a separate section for non-cash investing an financing activities. September 31, 2018