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The income statement and additional data of Boost Plus, Inc. follows: B ) (Click the icon to view the income statement) (Click the icon to
The income statement and additional data of Boost Plus, Inc. follows: B ) (Click the icon to view the income statement) (Click the icon to view the additional data.) Prepare Boost 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. , CHE a. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for arounts 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.) Boost Plus, Inc X More info Statement of Cash Flows Year Ended September 30, 2024 Cash Flows from Operating Activities: Data table Acquisition of plant assets is S124,000. Of this amount, $108,000 is paid in cash and $16,000 by signing a note payable. Net Income b. Cash receipt from sale of land totals $20,000. There was no gain or loss Adjustments to Reconcile Net Income to Net Cash c. Cash receipts from issuance of common stock total $36,000. Provided by (Used for) Operating Activities: d. Payment of note payable is $15,000. e. Payment of dividends is $5,000. Year f. From the balance sheet: Net Sales Revenue September 30 Cost of Goods Sold 2024 2023 Gross Profit Cash $ 30,000 S 13,000 Operating Expenses: Accounts Receivable 46,000 61,000 Salaries Expense Merchandise Inventory 94,000 88,000 Land Depreciation Expens 82,000 102,000 Net Cash Provided by (Used for) Operating Activities Plant Assets 214,000 Total Operating Exp 90,000 Net Income Before Inco Accumulated Depreciation (61.000) (34,000) Accounts Payable 32,000 15,000 Income Tax Expense Accrued Liabilities 12,000 20,000 Net Income Notes Payable (long-term) 16,000 15,000 Common Stock, no par 40,000 4.000 Help me solve this Etext pages Get more help Retained Earnings 305,000 266,000 Data table Boost Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sales Revenue $ 231,000 94,000 Cost of Goods Sold Gross Profit 137,000 Operating Expenses: Salaries Expense $ 54,000 27,000 Depreciation ExpensePlant Assets 81,000 Total Operating Expenses Net Income Before Income Taxes 56,000 12,000 Income Tax Expense $ 44,000 Net Income all
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