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The income statement and additional data of Energy Plus, Inc. follows: EEB (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: EEB (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, 2018, using the indirect method. Include a separate section for non-cash investing and financing activities. Complete he statement one section a not select a label or enter a zero.) at me, beginning with the cash flows om operating acti ties. Use parentheses or a minus sign or numbers to be subtracted if a box not used in he state men leave the boxer pty do Energy 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: Energy Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses S 233,000 93,000 140,000 Salaries Expense Depreciation Expense-Plant Assets Total Operating Expenses S 51,000 22,000 Net Income Before Income Taxes Income Tax Expense Net Income 73,000 67,000 5,000 S 62,000 Acquisition of plant assets is $114,000. Of this amount, $100,000 is paid i cash and $14,000 by signing a note payable a. b. Cash receipt from sale of land totals $26,000. There was no gain or loss c. Cash receipts from issuance of common stock total $30,000 d. Payment of note payable is $13,000 e. Payment of dividends is $13,000 f. From the balance sheet September 30 2018 2017 Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation $ 35,000 12,000 51,000 82,000 109,000 40,000 (32,000) 38,000 89,000 83,000 154,000 (54,000) Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings 38,000 11,000 14,000 37,000 245,000 26,000 20,000 13,000 7,000 196,000 Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities 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
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