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The income statement and additional data of Daily Plus, Inc. follows: (Click the icon to view the income statement.) A (Click the icon to view
The income statement and additional data of Daily Plus, Inc. follows: (Click the icon to view the income statement.) A (Click the icon to view the additional data.) i More Info - X Prepare Daily 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. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a mine Data Table - X Daily Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: 234,000 97,000 Daily Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense S 59,000 Depreciation Expense-Plant Assets 20,000 Total Operating Expenses Net Income Before Income Taxes Income Tax Expense a. Acquisition of plant assets is $115.000. Of this amount, $100,000 is paid in cash and S15,000 by signing a note payable. b. Cash receipt from sale of land totals $21,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $28.000. d. Payment of note payable is $14,000. e. Payment of dividends is $6.000. f. From the balance sheet: September 30 2018 2017 Cash $ 35,000 $ 17,000 Accounts Receivable 40,000 54,000 Merchandise Inventory 98,000 94,000 Land 74,000 95,000 Plant Assets 185.000 50,000 Accumulated Depreciation (51.000) (22,000) Accounts Payable 35,000 21,000 Accrued Liabilities 16,000 21,000 Notes Payable (long-term) 15.000 14,000 Common Stock, no par 41.000 13,000 Retained Earnings 255,000 219.000 137.000 88,000 49.000 7.000 Net Cash Provided by (Used for) Operating Activities 42,000 Net Income Print Done Print Done Choose from any list or enter any number in the input fields and then click Check
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