Next question The income statement and additional data of Daily Plus, Inc. follow: B (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the Indirect method. . C. Use the transaction references in Panel B when selecting the transaction references in Panel A. (If a box is not used in the spreadsheet, leave the box empty; do not select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed. Abbreviations used: Acquistion of Plant Assets by Issuing NP = Acquisition of Plant Assets by Issuing Note Pavable.) Daily Plus, Inc. X Spreadsheet for Statement of Cash Flows More info Year Ended September 30, 2024 a. Transaction Analysis Balance Acquisition of plant assets is $122,000. Of this amount, $105,000 is paid in Balance cash and $17.000 by signing a note payable. Panel A-Balance Sheet: 9/30/2023 DEBIT CREDIT 9/30/2024 b. Cash receipt from sale of land totals $22,000. There was no gain or loss. Cash S 31,600 $ Cash receipts from issuance of common stock total $27,000. 33,000 Accounts Receivable 54,000 d. Payment of note payable is $16,000. 38,000 e. Payment of dividends is $7,000. Merchandise Inventory 94,000 98,000 f. From the balance sheet: Plant Assets 50,000 172,000 September 30 Accumulated DepreciationPlant Assets 2024 2023 (24.000) (47.000) 93,000 71,000 Cash Land $ 33,000 $ 31,600 Accounts Recelvable 38,000 54,000 S S 298,600 Total Assets $ 365,000 Merchandise Inventory 98.000 94,000 Land 71.000 93,000 Accounts Payable 20,000 30,000 Plant Assets 172.000 50,000 Accrued Liabilities 32,000 20,000 Accumulated Depreciation (47,000) (24,000) Notes Payable 16,000 17,000 Accounts Payable 30,000 20,000 Total Liabilities 68,000 67.000 Accrued Liabilities 20.000 32,000 Notes Payable (long-term) 17.000 16.000 Help me solve this Etext pages Get more help Common Stock, no par 40.000 13,000 Retained Earnings 258.000 217,600 Next question The income statement and additional data of Daily Plus, Inc. follow: (Click the icon to view the income statement.) A (Click the icon to view the additional data.) Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the Indirect method. - X Data table Common Stock, no par 13,000 217,600 40,000 258,000 Retained Earnings S 298,600 $ Total Liabilities and Stockholders' Equity 365,000 Panel Statement of Cash Flows: Cash Flows from Operating Activities: (a) a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Daily Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sales Revenue $ 230,000 96,000 Cost of Goods Sold Gross Profit 134,000 Operating Expenses Salarles Expense $ 51,000 Depreciation Expense-Plant Assets 23,000 74,000 Total Operating Expenses Net Income Before Income Taxes 60,000 12,600 Income Tax Expense $ 47,400 Net Income (b) (c) (d) (1) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (91) (h) Print Done Net Cash Used for Investing Activities Cash Flows from Financing Activities: Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (91) (h) Net Cash Used for Investing Activities Cash Flows from Financing Activities: (i) (1) MI (k) Net Cash Used for Financing Activities (1) Non-cash Investing and Financing Activities: (92) Total Non-cash Investing and Financing Activities (92) Total
