Use the Supplements Plus, Inc. data in Exercise E16-21 to prepare the spreadsheet for the 2016 statement of cash flows. Format cash flows from operating activities by the indirect method.
In Exercise E16-21
The income statement of Supplements Plus, Inc. follows:

Additional data follow:
a. Acquisition of plant assets is $121,000. Of this amount, $104,000 is paid in cash and $17,000 by signing a note payable.
b. Cash receipt from sale of land totals $26,000. There was no gain or loss.
c. Cash receipts from issuance of common stock total $30,000.
d. Payment of notes payable is $16,000.
e. Payment of dividends is $9,000.
f. From the balance sheet:

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SUPPLEMENTS PLUS, INC Income Statement Year Ended September 30, 2016 Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: 234,000 91,000 143,000 Salaries Expense Depreciation Expense Plant Assets Total Operating Expenses 55,000 25,000 Net Income Before Income Taxes Income Tax Expense Net Income 80,000 63,000 10,000 $ 53,000 September 30 2016 2015 Cash Accounts Receivable Merchandise Inventory Plant Assets Accumulated Depreciation Land Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings 38,000 12,000 60,000 86,000 80,000 (10,000) 101,000 15,000 26,000 16,000 7,000 265,000 44,000 91,000 201,000 (35,000) 75,000 31,000 20,000 17,000 7,000 309,000