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The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement.) A (Click the icon to view
The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement.) A (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 Year Ended September 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash More info Provided (Used for) Operating Activities: - X Data table Acquisition of plant assets is $120.000. Of this amount, $110.000 is paid in cash and $10,000 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 $35,000. d. Payment of note payable is $0,000. e. Payment of dividends is $11,000 f. From the balance sheet: September 30 Energy Plus, Inc Income Statement Year Ended September 30, 2024 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Sales Revenue $ Cash Accounts Receivable 2024 2023 $ 38,000 $ 19,180 51,000 60,000 97.000 94,000 232,000 90.000 138.000 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense 74,000 180,000 99,000 60,000 (35,000) 21,000 56,000 22,000 Depreciation Expense-Plant Assets Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings (57,000) 39,000 78,000 16,000 Total Operating Expenses Net Income Before Income Taxes 11,000 10.000 48.000 58,000 12,180 Income Tax Expense 9,000 13,000 238,180 45.820 Net Income 273,000 Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Print Done Print Done Cash Balance, September 30, 2023 Cash Balance, September 30, 2024 Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Calculator Next
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