The income statement and additional data of

Vitamins

Plus, Inc. follow: Data and Requirements

The income statement and additional data of Vitamins Plus, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the indirect method. Use the transaction references in Panel B when selecting the transaction references in Panel A. (If a box is not used in the spreadsheet, leave the box empty; do not select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed. Abbreviations used: Acquistion of Plant Assets by Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.) Vitamins Plus, Inc. - X More Info Spreadsheet for Statement of Cash Flows Data Table Year Ended September 30, 2024 a. Acquisition of plant assets is $121,000. Of this amount, $109,000 is paid in Balance Transaction Analysis Balance cash and $12,000 by signing a note payable. Panel ABalance Sheet: 9/30/2023 Vitamins Plus, Inc. DEBIT CREDIT 9/30/2024 b. Cash receipt from sale of land totals $28,000. There was no gain or loss. Income Statement c. Cash receipts from issuance of common stock total $32,000. Cash 24,500 || 0) 10500 35,000 Year Ended September 30, 2024 d. Payment of note payable is $11,000 Accounts Receivable 60,000 11000|| (c) 49,000 e. Payment of dividends is $6,000 Merchandise Inventory 40001 Net Sales Revenue 89,000 85,000 || (d) $ 230,000 f. From the balance sheet: 95,000 Plant Assets 40,000 (91) 121000 161.000 Cost of Goods Sold September 30 Gross Profit 135,000 2024 2023 Accumulated DepreciationPlant Assets (30,000 (55,000) Operating Expenses: Cash $ 35,000 $ 24,500 Land 111,000 83,000 Salaries Expense 60,000 Accounts Receivable 49,000 60,000 $ $ 290,500 Total Assets 362,000 25,000 Depreciation Expense-Plant Assets Merchandise Inventory 89,000 85,000 Total Operating Expenses 85,000 Land 83,000 111,000 Accounts Payable 25,000 35,000 Net Income Before Income Taxes 50,000 Plant Assets 161,000 40,000 Accrued Liabilities 22.000 17,000 Income Tax Expense 10,500 Accumulated Depreciation (55,000) (30,000) 11.000 Notes Payable 12,000 $ 39,500 35,000 Accounts Payable 25,000 Net Income Total Liabilities 58,000 64,000 Accrued Liabilities 17,000 22.000 Notes Payable (long-term) 12,000 11,000 Print Done Common Stock, no par 10,000 42.000 Common Stock, no par 42,000 10,000 Retained Earnings 222,500 256,000 Retained Earnings 256,000 222,500 UL Choose from any list or enter any number in the input fields and then click Check Answer. Print Done All parts showing Clear All LIISLAMISVCI The income statement and additional data of Vitamins Plus, Inc. follow: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the indirect method. Common Stock, no par 10.000 222,500 42.000 256,000 Retained Earnings $ 290,500 $ Total Liabilities and Stockholders' Equity 362,000 More Info Data Table Panel B-Statement of Cash Flows: Cash Flows from Operating Activities Vitamins Plus, Inc. (a) Income Statement c. a. Acquisition of plant assets is $121,000. Of this amount, $109,000 is paid in cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals $28,000. There was no gain or loss. Cash receipts from issuance of common stock total $32,000. d. Payment of note payable is $11,000. e. Payment of dividends is $6,000. f. From the balance sheet: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Year Ended September 30, 2024 (b) Net Sales Revenue $ 230,000 95,000 (c) Cost of Goods Sold (d) 135,000 September 30 2024 2023 (e) Gross Profit Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets Cash (1) $ 60,000 $ 35,000 $ 24,500 49,000 60,000 25,000 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Accounts Receivable Merchandise Inventory Land 89,000 85,000 85,000 83.000 111,000 (91) Total Operating Expenses Net Income Before Income Taxes Plant Assets 161,000 40.000 (h) 50,000 10,500 Income Tax Expense Net Cash Used for Investing Activities Cash Flows from Financing Activities: $ 39,500 (55,000) 35,000 17,000 Net Income Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings (30,000) 25,000 22,000 11,000 0) 12.000 Print Done 42.000 10,000 (k) 256,000 222,500 Net Cash Used for Financing Activities Choose from any list or enter any number in the input fields and then click Check Answer. Print Done All parts showing Clear All LIICLN MISVCI The income statement and additional data of Vitamins Plus, Inc. follow: (Click the icon to view the income statement.) A (Click the icon to view the additional data.) Prepare the spreadsheet for the 2024 statement of cash flows. Format cash flows from operating activities by the indirect method. (a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: - X More Info (b) Data Table (c) (d) (e) Vitamins Plus, Inc. (1) Income Statement a. Acquisition of plant assets is $121,000. Of this amount, $109,000 is paid in cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals $28,000. There was no gain or loss c. Cash receipts from issuance of common stock total $32,000. d. Payment of note payable is $11,000 e. Payment of dividends is $6,000. f. From the balance sheet: Net Cash Provided by Operating Activities Cash Flows from Investing Activities Year Ended September 30, 2024 Net Sales Revenue (91) $ 230,000 95,000 Cost of Goods Sold (h) Gross Profit 135,000 Net Cash Used for Investing Activities Cash Flows from Financing Activities: Cash Operating Expenses: Salaries Expense Depreciation ExpensePlant Assets September 30 2024 2023 $ 35,000 $ 24,500 49,000 60,000 85,000 $ 0) 60,000 25,000 0) 89,000 (k) 85,000 Net Cash Used for Financing Activities Total Operating Expenses Net Income Before Income Taxes 50,000 10,500 83,000 111,000 161,000 40,000 (55,000) (30,000) 35,000 25,000 (0) Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings Income Tax Expense $ 39,500 Net Income Non-cash Investing and Financing Activities: 17,000 22,000 (92) 12.000 11,000 Print Done Total Non-cash Investing and Financing Activities (92) 10,000 42,000 256,000 Total 222,500 Choose from any list or enter any number in the input fields and then click Check Answer. Print Done All parts showing Clear All LIICLN AUSVCI