The income statement and additional data of Vitamins Plus, Inc. follow: E! (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2016 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 bo select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed) Vitamins Plus, Inc. Spreadshot for Statement of Cash Flows Year Ended September 30, 2016 - Balance Transaction Analysis DEBIT CREDIT Balance 9/30/2016 Panel A Balance Sheet: 9/30/2015 Cash Accounts Receivable Merchandise Inventory Plant Assets 27,000 59,000 83,000 55,000 37,000 50,000 92,000 172,000 Accumulated Depreciation Plant Assets (12,000) 107.000 (36,000) 84.000 Land Total Assets 319,000 399,000 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Check Answer come 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.) are the spreadsheet for the 2016 statement of cash flows. Format cash flows from operating activities by the indirect method. mmon Stock, no par dained Earnings cal Liabilities and Stockholders' Equity 8,000 259,000 319,000 39,000 305,000 399,000 Panel B-Statement of Cash Flows: ash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: hoose from any list or enter any number in the input fields and then click Check Answer. The Income Statement and HOOldonaldo OT VIS PIUS, TUOW. (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2016 statement of cash flows. Format cash flows from operating activities by the indirect method. Cash Flows from Investing Activities: Net Cash Used for Investing Activities Cash Flows from Financing Activities: Net Cash Used for Financing Activities Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Total Choose from any list or enter any number in the input fields and then click Check Answer All parts showing Clear All Check Answer $ 232,000 90,000 Vitamins Plus, Inc. Income Statement Year Ended September 30, 2016 Sales Revenue Cost of Goods Sold Gross Potofit Operating Expenses: Salaries Expense 54,000 Depreciation ExpensePlant Assets 24,000 Total Operating Expenses Net Income Before Income Taxes 142,000 $ 54 78,000 64,000 11,000 Income Tax Expense 53,000 Net Income Print Done 3/23/2020 Acquisition of plant assets is $117.000. Of this amount $107.000 is paid in cash and $10,000 by signing a note payab Cash receipt from sale of land totals $23,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $31,000. Payment of note payable is $9,000. .. Payment of dividends is $7.000. f. From the balance sheet: Cash Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depreciation Land Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings September 30 2016 2016 37,000 27,000 50,000 59,000 92,000 83,000 172,000 56,000 (36.000) (12,000) 84,000 107.000 30.000 15,000 15,000 28.000 10,000 9,000 39.000 8,000 305,000 259.000
