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Question #6: Prepare Supplement's Statement of Cash Flows for Year Ended June 304 Data Table Supplements Plus, Inc. Income Statement Year Ended June 30, 2010
Question #6: Prepare Supplement's Statement of Cash Flows for Year Ended June 304 Data Table Supplements Plus, Inc. Income Statement Year Ended June 30, 2010 Revenues Service revenue Expenses: Cost of goods sold $ 96,000 Salary expense 59 000 Depreciation expense 28.000 Income tax expense 6,000 $ 237,000 189,000 Net income $ 48,000 More Info Additional data a. Acquisition of plant assets is $116,000. Of this amount, $102.000 is paid in cash and $14,000 by signing a note payable. b. Cash receipt from sale of land totals $23,000. There was no gain or loss. Cash receipts from issuance of common stock total $27.000 d. Payment of note payable is $14,000 e. Payment of dividends is $10,000 From the balance sheet: C Juno 30. 2010 2009 $ 35,000 45.000 91,000 $ 22.000 59.000 Current Assets: Cash, Accounts receivable.. Invertory Current Liabilities: Accounts payable Accid hilities....... 85.000 34,000 15,000 $ 23,000 23,000
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