The income statement and additional data of Health Plus, Inc. follows: (Click the icon to view the income statement.) (Click the icon to view the additional data:) Prepare Health 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) Health 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 Provided by (Used for) Operating Activities Health 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 Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Data table Health Plus, Inc. Income Statement Year Ended September 30, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit $ 230,000 90,000 140,000 Operating Expenses: Salaries Expense $ 58,000 25,000 Depreciation Expense-Plant Assets 83,000 Total Operating Expenses Net Income Before Income Taxes 57,000 11,970 Income Tax Expense $ 45,030 Net Income More info a. Acquisition of plant assets is $126,000. Of this amount, $109,000 is paid in cash and $17,000 by signing a note payable. b. Cash receipt from sale of land totals $29,000. There was no gain or loss. C. Cash receipts from issuance of common stock total $32,000. d. Payment of note payable is $16,000. e. f. Payment of dividends is $12,000. From the balance sheet: Cash Accounts Receivable September 30 2024 2023 43,000 $ 37,000 $ 24,970 50,000 Merchandise Inventory 97,000 94,000 Land 75,000 104,000 Plant Assets 196,000 70,000 Accumulated Depreciation (35,000) (10,000) Accounts Payable 31,000 15,000 Accrued Liabilities 19,000 30,000 Notes Payable (long-term) 17.000 16,000 e info sh receipts from issuance of common stock total $32,000. yment of note payable is $16,000. yment of dividends is $12,000. om the balance sheet: September 30 2024 2023 Cash Accounts Receivable $ 37,000 $ 24,970 43,000 59,000 Merchandise Inventory 97,000 94,000 Land 75,000 104,000. Plant Assets 196,000 70,000 Accumulated Depreciation (35,000) (10,000) Accounts Payable 31,000 15,000 Accrued Liabilities 19,000 30,000 Notes Payable (long-term) 17,000 16,000 Common Stock, no par 39,000 7,000 Retained Earnings 307,000 273,970 Print Done ages Get more feip Search