Question Help The income statement and additional data of Minerals Plus, Inc. follows: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Minerals Plus's statement of cash flows for the year ended September 30, 2024, 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. Statement of Cash Flows Year Ended September 30, 2024 Cash Flows from Operating Activities: Net Income 53720 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets $ 25,000 Net Cash Provided by (Used for) Operating Activities number in the innut fields and then click Check Answer. - X More Info a. Acquisition of plant assets is $116,000. Of this amount, $103,000 is paid in cash and $13,000 by signing a note payable. b. Cash receipt from sale of land totals $22,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $28,000. d. Payment of note payable is $12,000. Payment of dividends is $9,000. From the balance sheet: e. September 30 2024 2023 Cash $ 30,000 $ 6,280 Accounts Receivable 42,000 54,000 Merchandise Inventory 90,000 88,000 Land 58,000 80,000 Plant Assets 196,000 80,000 Accumulated Depreciation (50,000) (25,000) Accounts Payable 33,000 19,000 Accrued Liabilities 10,000 15,000 12,000 13,000 Notes Payable (long-term) Common Stock, no par 35,000 7,000 Retained Earnings 275,000 230,280 Print Done Car II -X 1 Data Table Int Minerals Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sales Revenue 240,000 92,000 Cost of Goods Sold 148,000 Gross Profit Operating Expenses: Salaries Expense $ 55,000 25,000 Depreciation Expense-Plant Assets 80,000 Total Operating Expenses 68,000 Net Income Before Income Taxes 14,280 Income Tax Expense $ 53,720 Net Income Print Done nplete the statement one section at a time, beginning with the cash flows from operating activities. (Use empty; do not select a label or enter a zero.) 53720 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 ExpensePlant Assets Increase in Accounts Payable Increase in Merchandise Inventory $ 25,000 Net Cash Provided by (Used for) Operating Activities