The income statement of Minerals Plus, Inc., follows:

Additional data follow:
(a) Acquisition of plant assets is $118,000. Of this amount, $100,000 is paid in cash and $18,000 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:

Requirement
1. Prepare Minerals Plus€™s statement of cash flows for the year ended September 30, 2012, using the indirect method. Include a separate section for noncash investing and financingactivities.

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MINERALS PLUS, INC. Income Statement Year Ended September 30, 2012 Revenues: $ 235,000 Service revenuc Expenses: Cost of goods sold Salary expense $ 97,000 57,000 Depreciation expense 26,000 Income tax expense 4,000 184,000 $ 51,000 Net income