The income statement of Minerals 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 note payable is $ 18,000. e. Payment of dividends is $ 8,000. f. From the balance sheet:
Prepare Minerals Plus’s statement of cash flows for the year ended September 30, 2015, using the indirect method. Include a separate section for non- cash investing and financingactivities.