Panel B-Statement of Cash Flows: Cash Flows from Operating Activities: (a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: (b) (c) (d) (e) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (g1) (h) Net Cash Used for Investing Activities Cash Flows from Financing Activities: (0) (k) Net Cash Used for Financing Activities (1) Non-cash Investing and Financing Activities: (92) Total Non-cash Investing and Financing Activities (92) 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 Payable.) Healthy Living Plus, Inc. Spreadsheet for Statement of Cash Flows Year Ended September 30, 2024 Balance Transaction Analysis Balance Panel A-Balance Sheet: 9/30/2023 DEBIT CREDIT 9/30/2024 Cash $ 15,020 22980 $ 38,000 40,000 Accounts Receivable 16000 56,000 96,000 Merchandise Inventory 2000 98,000 Plant Assets 80,000 203,000 Accumulated Depreciation Plant Assets 28000 (30,000) 87,000 (58,000) 62,000 Land 250001 $ 304,020 $ 383,000 Total Assets Accounts Payable Accrued Liabilities 19,000 23,000 16,000 35,000 18,000 17,000 Notes Payable Total Liabilities 58,000 70,000 Common Stock, no par 12,000 234,020 42,000 271,000 Retained Earnings $ 304,020 $ 383,000 Total Liabilities and Stockholders' Equity 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 Payable.) Healthy Living Plus, Inc. Spreadsheet for Statement of Cash Flows Year Ended September 30, 2024 Balance Transaction Analysis Balance Panel A-Balance Sheet: 9/30/2023 DEBIT CREDIT 9/30/2024 Cash $ 15,020 22980 $ 38,000 40,000 Accounts Receivable 16000 56,000 96,000 Merchandise Inventory 2000 98,000 Plant Assets 80,000 203,000 Accumulated Depreciation Plant Assets 28000 (30,000) 87,000 (58,000) 62,000 Land 250001 $ 304,020 $ 383,000 Total Assets Accounts Payable Accrued Liabilities 19,000 23,000 16,000 35,000 18,000 17,000 Notes Payable Total Liabilities 58,000 70,000 Common Stock, no par 12,000 234,020 42,000 271,000 Retained Earnings $ 304,020 $ 383,000 Total Liabilities and Stockholders' Equity a. Acquisition of plant assets is $123,000. Of this amount, $106,000 is paid in cash and $17,000 by signing a note payable. b. Cash receipt from sale of land totals $25,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $30,000. d. Payment of note payable is $16,000. e. Payment of dividends is $12,000. f. From the balance sheet: September 30 2024 2023 Cash $ 38,000 $ 15,020 Accounts Receivable 40,000 56,000 Merchandise Inventory 98,000 96,000 Land 62,000 87,000 Plant Assets 203,000 80,000 Accumulated Depreciation (58,000) (30,000) 35,000 19,000 Accounts Payable Accrued Liabilities 18,000 23,000 Notes Payable (long-term) 17,000 16,000 - X Data Table Healthy Living Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sales Revenue $ 239,000 98,000 Cost of Goods Sold Gross Profit 141,000 Operating Expenses: Salaries Expense 51,000 28,000 Depreciation ExpensePlant Assets 79,000 Total Operating Expenses Net Income Before Income Taxes 62,000 13,020 Income Tax Expense $ 48,980 Net Income Cash Flows from Financing Activities: (1) (0) (k) Net Cash Used for Financing Activities (1) Non-cash Investing and Financing Activities: (92) Total Non-cash Investing and Financing Activities (92) Total
