More Info C. a. Acquisition of plant assets is $121,000. Of this amount, S110,000 is paid in cash and $11,000 by signing a note payable. b. Cash receipt from sale of land totals $24,000. There was no gain or loss. Cash receipts from issuance of common stock total $32,000. d. Payment of note payable is $10,000. e. Payment of dividends is $10,000 f. From the balance sheet: September 30 2018 2017 Cash $ 36,000 $ 14,000 49,000 59,000 Accounts Receivable Merchandise Inventory 89,000 74,000 Land Plant Assets 161,000 82,000 98,000 40,000 (10,000) 15,000 (32,000) 33,000 14,000 19,000 Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings 11,000 10.000 37,000 5.000 282,000 234,000 Prepare Energy 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.) Energy Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Net Income 58,000 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation ExpensePlant Assets Decrease in Accounts Receivable Increase in Accounts Payable 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: - X Data Table Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 235.000 93,000 Cost of Goods Sold 142,000 $ Gross Profit Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Total Operating Expenses Net Income Before Income Taxes 55,000 22.000 77,000 65,000 7.000 Income Tax Expense $ 58.000 Net Income 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