Answered step by step
Verified Expert Solution
Question
1 Approved Answer
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, 2016, 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 parentheses or a minus sign for numbers to be subtracted. 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, 2016 Cash Flows from Operating Activities: Net Income Choose from any list or enter any number in the input fields and then click Check Answer ind Energy Plus, Inc. Income Statement Year Ended September 30, 2016 ee ac Sales Revenue $ I 240.000 92,000 Cost of Goods Sold Gross Profit Operating Expenses 148 000 Salaries Expense $ 52.000 26.000 Depreciation Expense-Plant Assets 78.000 Totolartina Cennem Cho Print | Done 78,000 Total Operating Expenses Net Income Before Income Taxes Income Tax Expense 70,000 8.000 62.000 Net Income Print Done Merchandise Inventory Plant Assets Accumulated Depreciation Land Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings 96,000 149,000 (50,000) 83,000 33,000 13,000 10,000 41.000 267 000 87,000 30,000 (24,000) 103,000 24,000 17.000 9,000 8.000 211.000 Print Done
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started