Question
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
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 unded September 30, 2018, using the indirect method Include a separate section for non cash investing and Snancing activities Complete the statement one section at a time, beginning with the cash flows from operating activities (Use a minun 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 Year Ended September 30, 2018 61000 Cash Flows from Operating Actes Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Acties Depreciation Expense-Plant Assets Decrease in Accounts Receivab Decrease in Accrued Ladies 23000 13000 (7000) 15000 (5000) Choose from any st or ender any number in the input heids and then continue to the next question n ep sh 18 Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ 232,000 Cost of Goods Sold Gross Profit 96,000 136,000 Operating Expenses: Salaries Expense $ 55,000 Depreciation Expense-Plant Assets 23,000 78,000 Total Operating Expenses Net Income Before Income Taxes 58,000 Income Tax Expense 7.000 $ 51,000 Net Income la g e Ic ed ne c a. Acquisition of plant assets is $123,000. Of this amount, $109,000 is paid in cash and $14,000 by signing a note payable. b. Cash receipt from sale of land totals $25,000. There was no gain or loss. C. Cash receipts from issuance of common stock total $27,000. d. Payment of note payable is $13,000. e. OWS f. 0, 20 Payment of dividends is $8,000. From the balance sheet: and Cash Accounts Receivable September 30 2017 2018 $ 35.000 $ 23,000 45,000 58,000 Merchandise Inventory 93,000 86.000 Land 74,000 99,000 Plant Assets 188,000 65,000 Accumulated Depreciation (35,000) (12.000) Accounts Payable 33.000 18,000 Print Done 4 and ecr e. f. Payment of dividends is $8,000. From the balance sheet: Cash Accounts Receivable Merchandise Inventory Land Plant Assets September 30 2018 2017 $ 35,000 $23,000 45,000 58,000 93,000 86,000 74,000 99,000 188.000 $5,000 Accumulated Depreciation (35.000) (12.000) Accounts Payable 33,000 18.000 Accrued Liabilities 10,000 15,000 Notes Payable (long-term) 14.000 13.000 Common Stock, no par 34.000 7,000 Retained Earnings 309,000 266.000 Print Done anc A Hows for the year ended September 30, 2018, using the indirect meth , 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: 51000 Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities 23000 13000 (7000) 15000 (5000) 39000 Net Cash Provided by (Used for) Operating Activities 90000 Choose from any list or enter any number in the input fields and then continue to the next question.. Prepare Energy Plus's statement of cash flows for the year ended September 30, 2018, using the indirect me Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Receipt from Sale of Land Acquisition of Plant Assets by Issuing Note Payable 25000 (103000) 39000 90000 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Payment of Notes Payable Cash Payment of Dividends Cash Receipt from Issuance of Common Stock (78000) Net Cash Provided by (Used for) Financing Activities Choose from any list or enter any number in the input fields and then continue to the next question 18 View the additional data.) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Cash Payment of Notes Payable Cash Payment of Dividends Cash Receipt from Issuance of Common Stock Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, September 30, 2017 Cash Balance, September 30, 2018 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then continue to the
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