878 chapter 16 Preparing the statement of cash flows-indirect method Learning Objective 2 The income statement of Boost Plas, Inc. follows Net Cash Prov by Op Act. 598.000 BOOST PLUS, INC Income Statement Year Ended September 30, 2018 5 231,000 94,000 137,000 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses 54,000 Salaries Expense Total Operating Expermes Net Ihcome Before income Taxes income Tax Expense Net Income 81,000 56,000 3,000 5 53,000 Additional dara 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 reccipt from sale of land toeals $20,000. There was no gain or loss. c. Cash recipts from issuance of common seock total $36,000. d. Payment of notcs payable is $15,000. e. Payment of dividends is $5,000 t. From the balance sheet September 30 2018 2017 Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings 5 39,000 13,000 61,000 88,000 102,000 90,000 34,000) 15,000 20,000 15,000 4,000 266,000 46,000 94,000 82,000 214,000 (61,000) 32,000 16,000 40,000 314,000 Prepare Boost Phas's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include a separate section for non-cash investing and financing activizies