The income statement of Boost Plus, Inc. follows:

Additional data follow:

a. Acquisition of plant assets is $124,000. Of this amount, $108,000 is paid in cash and $16,000 by signing a note payable.

b. Cash receipt from sale of land totals $20,000. There was no gain or loss.

c. Cash receipts from issuance of common stock total $36,000.

d. Payment of notes payable is $15,000.

e. Payment of dividends is $5,000.

f. From the balance sheet:

Prepare Boost Plus’s statement of cash flows for the year ended September 30, 2024, using the indirect method. Include a separate section for non-cash investing and financing activities.

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BOOST PLUS, INC. Income Statement Year Ended September 30, 2024 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 $ 54,000 27,000 $ 231,000 94,000 137,000 81,000 56,000 12,000 $ 44,000