The income statement of Detta Plus, Inc. follows: 

Additional data follow: 

a. Acquisition of plant assets is $119,000. Of this amount, $100,000 is paid in cash and $19,000 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 $29,000. 

d. Payment of notes payable is $18,000. 

e. Payment of dividends is $8,000. f. From the balance sheet:

Prepare Detta Plus, Inc.’s statement of cash flows for the year ended September 30, 2025, using the indirect method. Include a separate section for non-cash investing and financing activities.  

Transcribed Image Text:

DETTA PLUS, INC. Income Statement Year Ended September 30, 2025 Net Sales Revenue 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 26,000 $ 235,000 97,000 138,000 83,000 55,000 4,000 $ 51,000