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The income statement and additional data of Minerals Plus, Inc follows: Click the icon to view the income statement.) (Click the icon to view the

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The income statement and additional data of Minerals Plus, Inc follows: Click the icon to view the income statement.) (Click the icon to view the additional data) Prepare Minerals 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 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.) Minerals Plus, Inc. * Data Table Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Minerals Plus, Inc. Income Statement Net income Year Ended September 30, 2018 Adjustments to Reconcile Net Income to Net Cash Net Sales Revenue $ 234,000 Provided by (Used fon Operating Activities Cost of Goods Sold 95.000 Gross Profit 139,000 Operating Expenses Salaries Expense $ 57,000 Depreciation Expense-Plant Assets 30.000 Total Operating Expenses 87.000 Net Income Before Income Taxes 52.000 Net Cash Provided by (Used for Operating Activities Income Tax Expense 9,000 $ Cash Flows from investing Activities Net Income 43,000 Print Done Mude a separate section for non-cash investing and financing activities Data Table 0 More Info Minerals Plus, Inc Income Statement Year Ended September 30, 2018 Net Sales Revenue C. $ 234.000 95,000 e. 139.000 $ Cost of Goods Sold Gross Profit Operating Expenses Salaries Expense Depreciation Expense Plant Assets Total Operating Expenses Net Income Before Income Taxes Income Tax Expense Net Income 57.000 30,000 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 $24,000. There was no gain or loss Cash receipts from issuance of common stock total $31,000 d. Payment of note payable is $13,000 Payment of dividends is $7,000 f. From the balance sheet September 30 2018 2017 Cash $36.000 $ 27,000 Accounts Receivable 44,000 57.000 Merchandise Inventory 96,000 88,000 Land 71.000 95,000 Plant Assets 173,000 50,000 Accumulated Depreciation (62.000) (32.000) Accounts Payable 34,000 25,000 Accrued Liabilities 10,000 14,000 Notes Payable (long-term) 14,000 13,000 Common Stock, no ar 45,000 14,000 Retained Earnings 255,000 219.000 87.000 52,000 9,000 43,000 S Print Done Print Done b 7:17 PM

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