Minerals Plus, Inc. Spreadsheet for Statement of Cash Flows Year Ended September 30, 2018 Balance Transaction Analysis Balance Panel A-Balance Sheet: 9/30/2017 DEBIT CREDIT 9/30/2018 Cash $ 13,000 (1) 20,000 $ 33,000 Accounts Receivable Merchandise Inventory Plant Assets 51,000 11,000 (c) 40,000 93,000 (d) 3,000 96,000 55,000|| (91) 169,000 (g2) Accumulated Depreciation-Plant Assets Land Total Assets (35,000) 107,000 $ 284,000 30,000 (b) (65,000) 24,000 (h) 83,000 $ 356,000 Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Receipt for Sale of Land Net Cash Used for Investing Activities Cash Flows from Financing Activities: (g1) (h) Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock (i) Cash Payment of Dividends (k) Net Cash Used for Financing Activities Net Increase in Cash (1) Non-cash Investing and Financing Activities: Acquisition of Plant Assets by Issuing NP (92) Total Non-cash Investing and Financing Activities (g2) Total Net Sales Revenue Minerals Plus, Inc. Income Statement Year Ended September 30, 2018 Cost of Goods Sold Gross Profit Operating Expenses: a. Acquisition of plant assets is $114,000. Of this amount, $102,000 is paid in cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals $24,000. There was no gain or loss. C. Cash receipts from issuance of common stock total $26,000. d. 236,000 e. Payment of note payable is $11,000. Payment of dividends is $13,000. 97,000 f. From the balance sheet: 139,000 Salaries Expense $ 50,000 Depreciation Expense-Plant Assets 30,000 80,000 Total Operating Expenses Net Income Before Income Taxes Income Tax Expense Net Income Print Done September 30 2018 2017 Cash $ 33,000 $ 13,000 Accounts Receivable 40,000 51,000 Merchandise Inventory 96,000 93,000 59,000 Land 83,000 107,000 7,000 Plant Assets 169,000 55,000 $ 52,000 Accumulated Depreciation (65,000) (35,000) Accounts Payable 39,000 24,000 Accrued Liabilities 18,000 27,000