Prepare Supplements 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.
The income statement and data of Supplements Info c he con low the income atment the conto the additional data) Prepare Supplements Plus's statement of cash for the year anded September 30, 2018, using the indirect method Indude section for non-cash investing and financing activities Complete the statement one section not talabelor ) aime beginning with the cash fows from operating activities. Use a minus sign or parentheses for amounts that result in a decrease in casa bonis not edinte alement, leave the box emptyd Supplements Plus, Ine. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities Net income Austrans to Reconcile et income to Nel cas Provided by Usedon perting Active Depreciation Expanse Plant Assets Decrease in Account Row Increase in Merchandise 29,000 12.000 2.0001 11.00 12.000 Net Provided by red for Operating Active The income statement and additional data of Supplements Plus, Inc. follows: (Click the icon to view the income statement) Click the loon to view the additional data) Prepare Supplements 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 Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets (104,000) Cash Receipt from Sale of Land 28.000 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities. Cash Payment of Notes Payable Cash Payment of Dividends Cash Receipt from Issuance of Common Stock (12.000) (6.000) 33.000 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: The income statement and additional data of Supplements Plus, Inc. follows: Click the icon to view the income statement) Click the icon to view the additional data) Prepare Supplements 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. (76,000) Net Cash Provided by (Used for investing Activities Cash Flows from Financing Activities Cash Payment of Notes Payable Cash Payment of Dividends Cash Receipt from Issuance of Common Stock (12.000) 16.000) 30.000 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 (76,000) Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: (12,000) (6,000) 33,000 15,000 Acquisition of Plant Assets by Issuing Note Payable Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Payment of Notes Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Sale of Land Decrease in Accounts Receivable Decrease in Accrued Liabilities Depreciation Expense Plant Assets Increase in Accounts Payable Increase in Merchandise Inventory 25,000 10,000 35,000 Total Non-cash Investing and Financing Activities More Info to) dition incom statem Data Table d for) Activit es Pay idends Suance Supplements Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense $ 53,000 29,000 Depreciation Expense--Plant Assets Total Operating Expenses Net Income Before Income Taxes Income Tax Expense Net Income Acquisition of plant assets is $117.000. Of this amount, $104,000 is paid in cash and $13,000 by signing a note payable b. Cash receipt from sale of land totals $28,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $33,000 d. Payment of note payable is $12,000 e. Payment of dividends is $6,000 1. From the balance sheet: September 30 2018 2017 Cash $ 35,000 $ 10,000 Accounts Receivable 40,000 52.000 Merchandise Inventory 95,000 93,000 Land 71,000 99,000 Plant Assets 177.000 60,000 Accumulated Depreciation (59,000) (30,000) Accounts Payable 35,000 24,000 Accrued Liabilities 18,000 30,000 Notes Payable (long-term) 13.000 12.000 Common Stock, no par 47,000 14.000 ed for Cash 30,201 30,20 82 000 56.000 8,000 mancing 48.000 Done and Fini or any number in the input fields and then click Check Answer. Print Done