Data Table Energy Plus, Inc. Income Statement Year Ended September 30, 2018 $ 236,000 Net Sales Revenue 91,000 Cost of Goods Sold Gross Profit 145,000 Operating Expenses: Salaries Expense 55,000 30,000 Depreciation Expense-Plant Assets 85,000 Total Operating Expenses Net Income Before Income Taxes 60,000 10,000 Income Tax Expense $ 50,000 Net Income Print Done More Info Acquisition of plant assets is $124,000. Of this amount, $109,000 is paid in cash and $15,000 by signing a note payable. Cash receipt from sale of land totals $25,000. There was no gain or loss. Cash receipts from issuance of common stock total $28,000 a. b. C. d. Payment of note payable is $14,000. Payment of dividends is $6,000. e. From the balance sheet f. September 30 2018 2017 38,000 Cash 18,000 Accounts Receivable 42,000 56,000 Merchandise Inventory 91,000 86,000 Land 74,000 99,000 Plant Assets 189,000 65,000 (10,000) Accumulated Depreciation (40,000) Accounts Payable 34,000 18,000 Accrued Liabilities 14,000 23,000 Print Done Notes Payable (long-term) 15,000 14,000 Common Stock, no par 42,000 14,000 Retained Earnings 289,000 245,000 Print Done E14-21 (similar to) Question Help The income statement and additional data of Energy Plus, Inc. follows: EEB (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2018, using the indirect method. Include and financing activities. separate section for non-cash investing Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) Energy Plus, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Choose from any list or enter any number in the input fields and then click Check Answer. ? parts remaining Clear All Check