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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 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, 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.) Energy Plus, Inc. Statement of Cash Flows More info Year Ended September 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities Data table Energy Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense Depreciation Expense-Plant Assets Total Operating Expenses Net Income Before Income Taxes Income Tax Expense Net Income 15,000 $ 235,000 90,000 137,000 $ 58,000 26,000 84,000 53,000 11,130 $ 41,870 a. Acquisition of plant assets is $119,000. Of this amount, $109,000 is paid in cash and $10,000 by signing a note payable. b. Cash receipt from sale of land totals $28,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $31,000. d. Payment of note payable is $9,000. e. Payment of dividends is $8,000. 1. From the balance sheet: 2024 September 30 2023 Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable $ 33,000 $20,130 45,000 54,000 93,000 86,000 83,000 111,000 174,000 (51,000) (25,000) 55,000 30,000 15,000 Accrued Liabilities 13,000 18,000 Notes Payable (long-term) 10,000 Common Stock, no par Retained Earnings 45,000 279,000 9,000 14,000 245,130 Print Done
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