Question: E14-17 Preparing the statement of cash flows-indirect method L0 3 [2030 minutes] The income statement of Minerals Plus, lne, follows: Additional data follow: a. Acquisition

E14-17 Preparing the statement of cash flows-indirect method L0 3 [2030

E14-17 Preparing the statement of cash flows-indirect method L0 3 [2030 minutes] The income statement of Minerals Plus, lne, 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 sianing a note payable. b. Cash receipt from sale of land totals $2B,000. There was no qain or loss. c. Cash receipts from issuance of common stock total $29,000. d. Payment of note payable is \$18,000. e. Pavment of dividends is SB,000. f. From the balance sheet: Requirements 1. Prepare Minerals Plus's statement of cash flows for the year ended September 3D, 2019, using the indirect method. Include a separate section for noncash imvesting and financing activities. F14-17 Test Your Knowledge

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