Score: 2.42 of 3 pts 4 of 6 (6 complete) %E14-21 (similar to) The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement.) (Click the icon to view the additional data Prepare Energy 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 Operating Activities: Net Income 47.000 Data Table Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Depreciation Expense-Plant Assets Decrease in Accounts Receivable 11,000 Net Sales Revenue $ 230,000 Increase in Merchandise Inventory 97.000 Cost of Goods Sold (3.000) Increase in Accounts Payable 18.000 Gross Profit 133,000 Decrease in Accrued Liabilities Operating Expenses (9,000) Salaries Expense $ 59,000 Net Cash Provided by (Used for) Operating Activities 23.000 Depreciation Expense-Plant Assets Cash Flows from Investing Activities: 82.000 Total Operating Expenses Net Income Before Income Taxes 51,000 (104.000) Income Tax Expense Cash Payment for Acquisition of Plant Assets 24,000 Net Income Cash Receipt from Sale of Land (80.000) Net Cash Provided by (Used for) Investing Activities Print Cash Flows from Financing Activities: 4.000 Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Homework! Chapter 14 Homework Score: 2.42 of 3 pts 4 of 6 (6 complete) %E14-21 (similar to) The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement) (Click the icon to view the additional data.) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2018, using the Indirect method Cash Flows from invesong ACUVIDOS: * More Info (104.000) 24,000 Cash Payment for Acquisition of Plant Assets Cash Receipt from Sale of Land Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: (80,000) 29,000 (11,000) Cash Receipt from Issuance of Common Stock Cash Payment of Notes Payable Cash Payment of Dividends Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, September 30, 2017 Cash Balance, September 30, 2018 Acquisition of plant assets is $116.000. Or this amount, $104.000 paid in cash and $12,000 by signing a note payable b. Cash receipt from sale of land totals $24.000. There was no gain or loss. C. Cash receipts from issuance of common stock to $29,000. d. Payment of note payable is $11,000 e Payment of dividends is $13,000 f. From the balance sheet September 30 2018 2017 Cash $ 32,000 $ 22,000 Accounts Receivable 46.000 57.000 Merchandise Inventory 91,000 88,000 Land 54,000 78,000 Plant Assets 171.000 55,000 Accumulated Depreciation (43,000) (20,000) Accounts Payable 38,000 22,000 Accrued Liabilities 10,000 19.000 Notes Payable (long-term) 12.000 11,000 Common Stock, no par 35,000 6,000 Retained Eamings 256,000 222,000 Non-cash Investing and Financing Activities: Acquisition of Plant Assets by Issuing Note Payable Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then click Check Answer. Print Done All parts showing Clear All