Please help me with these accounting questions.
1.
The records of Statement Color Engraving reveal the following: E (Click the icon to view the records.) Compute cash ows from operating activities by the indirect method for year ended December 31, 2018. (Use a minus sign or parentheses for amounts that result in a decrease in cash and to show net cash used for operating activities. If a box is not used in the table, leave the box empty; do not select a label or enter a zero.) Data Table Net income Depreciation expense $ 3.000 Sales revenue Decrease in current liabilities 24,000 Loss on sale of land Increase in current assets other than cash 12,000 Acquisition of land Cash Flows from Operating Activities: Net Income :| Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: : : lIl | The income statement and additional data of Minerals Plus, Inc. follows: (Click the icon to view the income statement.) i (Click the icon to view the additional data.) Prepare Minerals 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.)Minerals Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 233,000 Cost of Goods Sold 99,000 Gross Profit 134,000 Operating Expenses: Salaries Expense $ 55,000 Depreciation Expense-Plant Assets 25,00080,000 Total Operating Expenses Net Income Before Income Taxes 54,000 10,000 Income Tax Expense $ 44,000 Net Incomeasp-.0? Acquisition of plant assets is $120,000. Of this amount, $110,000 is paid in cash and $10,000 by signing a note payable. Cash receipt from sale of land totals $22,000. There was no gain or loss. Cash receipts from issuance of common stock total $35,000. Payment of note payable is $9,000. Payment of dividends is $8,000. From the balance sheet: Cash $ 33,000 $ 24,000 Accounts Receivable 50,000 59,000 Merchandise Inventory 98,000 95,000 Land 54,000 76,000 Plant Assets 180,000 60,000 Accumulated Depreciation (45,000) (20,000) Accounts Payable 39,000 25,000 Accrued Liabilities 16,000 26,000 Notes Payable (long-term) 10,000 9,000 Common Stock, no par 41,000 6,000 Retained Earnings 264,000 228,000Cash Flows from Operating Activities: Net Income :| Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Trainer Exercise Equipment, Inc. reported the following nancial statements for Prepare the company's statement of cash owsindirect methodfor the year 2018: ended December 31, 2018. Assume investments are purchased with cash. (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 a (Click the icon to view the comparative balance sheet.) enter a zero_) a (Click the icon to View the income statement.) 0 (Click the icon to view additional information.) Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 717,000 Cost of Goods Sold 341,000 Gross Profit 376,000 Operating Expenses: Depreciation Expense 51,000 Other Operating Expenses 180,000 Total Operating Expenses 231,000 $ 145,000 Net IncomeAssets Current Assets: Cash $ 18,000 $ 14,000 Accounts Receivable 52,000 47,000 Merchandise Inventory 87,000 95,000 Long-term Assets: Plant Assets 263,800 219,500 Accumulated Depreciation-Plant Assets (39,800) (34,500) Investments 92,000 79,000 $ 473,000 $ 420,000 Total AssetsLiabilities Current Liabilities: Accounts Payable $ 76,000 $ 72,000 Salaries Payable 2,000 8,000 Long-term Liabilities: Notes Payable 59,000 70,000 Total Liabilities 137,000 150,000Stockholders' Equity Common Stock, no par 46,000 36,000 290,000 234,000 Retained Earnings 336,000 270,000 Total Stockholders' Equity $ 473,000 $ 420,000 Total Liabilities and Stockholders' EquityTrainer calculated the following amounts for 2018: - Acquisition value of plant assets, $90,000. - Payment of dividends, $89,000. - Payment of long-term notes payable, $11,000. - Cash receipt from issuance of common stock, $10,000. Trainer Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $45,700. No cash was received upon disposal. Complete the statement one section at a time, beginning with the cash flows from operating activities. Cash Flows frorn Operating Activities: Adjustments to Reconcile Net Income to Net Cash
