Rebecca's Money Print Shop, Corp, Income Statement Year Ended Ended September 30, 2020 Sales Revenue Cost...

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Rebecca's Money Print Shop, Corp, Income Statement Year Ended Ended September 30, 2020 Sales Revenue Cost of Goods Sold Gross Profit 1,400,000 730,000 670,000 Operating Expenses: Other Operating Expenses 194,000 Patent Amortization 9,000 Depreciation Expense-Plant Assets 23,300 Total Operating Expenses 226,300 Income From Operations 443,700 Other Income (Expenses) Gain on Sale of Investment 14,000 -9,000 Interest Expense -23,000 Net Income Before Income Taxes 434,700 Income Tax Expense 70,000 Net Income 364,700 Additional data follow: a. Land costing $15,000 was sold for $15,000. b. A mortage note was issused for $40,000. c. A building was constructed for $112,000. d. 2,500 shares of common stock were issued at $40 in exchange for the bonds payable. e. Cash dividends declared were $74,690. f. From the balance sheet: September 30 2020 2019 Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Investments (Long-term) Land Buildings $140,330 $96,200 95,200 102,400 165,100 157,900 6,230 5,870 35,300 84,600 74,000 120,000 375,000 270,000 Accumulated Depreciation-Buildings -71,500 -58,400 Machinery 428,600 428,400 Accumulated Depreciation-Machinery -148,200 -138,000 Patents 54,000 63,000 Accounts Payable 43,300 46,300 Accrued Liabilities 14,000 12,800 Income Taxes Payable 8,000 8,200 Dividends Payable 12,000 15,000 Mortgage Note Payable (long-term) 40,000 Bonds Payable Common Stock, $30 Par 150,000 240,000 233,000 375,000 Paid-In Capital Excess of Par-Common 66,270 41,250 Prepare Rebecca's Money statement of cash flows for the year ended September 30, 2020, using the indirect method. Include a separate section for non-cash investing and financing activities Rebecca's Money Print Shop Statement of Cash Flows - Indirect Method For Year Ending September 30, 2020 Cash Flows for Operating Activities: Adjustments to reconcile Net Income to Net Cash flows Changes in Current Operating Assets & Liabilities Net Cash Flows from Operating Activities Cash Flows from Investing Activities: Net Cash Flows used for Investing Activities Cash Flows from Financing Activities: Net Cash provided by Financing Activities Net Increase (Decrease) in Cash Cash at End of Year Non-Cash Investing & Financing Activties: Total Non-Cash Investing & Financing Activities Rebecca's Money Print Shop, Corp, Income Statement Year Ended Ended September 30, 2020 Sales Revenue Cost of Goods Sold Gross Profit 1,400,000 730,000 670,000 Operating Expenses: Other Operating Expenses 194,000 Patent Amortization 9,000 Depreciation Expense-Plant Assets 23,300 Total Operating Expenses 226,300 Income From Operations 443,700 Other Income (Expenses) Gain on Sale of Investment 14,000 -9,000 Interest Expense -23,000 Net Income Before Income Taxes 434,700 Income Tax Expense 70,000 Net Income 364,700 Additional data follow: a. Land costing $15,000 was sold for $15,000. b. A mortage note was issused for $40,000. c. A building was constructed for $112,000. d. 2,500 shares of common stock were issued at $40 in exchange for the bonds payable. e. Cash dividends declared were $74,690. f. From the balance sheet: September 30 2020 2019 Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Investments (Long-term) Land Buildings $140,330 $96,200 95,200 102,400 165,100 157,900 6,230 5,870 35,300 84,600 74,000 120,000 375,000 270,000 Accumulated Depreciation-Buildings -71,500 -58,400 Machinery 428,600 428,400 Accumulated Depreciation-Machinery -148,200 -138,000 Patents 54,000 63,000 Accounts Payable 43,300 46,300 Accrued Liabilities 14,000 12,800 Income Taxes Payable 8,000 8,200 Dividends Payable 12,000 15,000 Mortgage Note Payable (long-term) 40,000 Bonds Payable Common Stock, $30 Par 150,000 240,000 233,000 375,000 Paid-In Capital Excess of Par-Common 66,270 41,250 Prepare Rebecca's Money statement of cash flows for the year ended September 30, 2020, using the indirect method. Include a separate section for non-cash investing and financing activities Rebecca's Money Print Shop Statement of Cash Flows - Indirect Method For Year Ending September 30, 2020 Cash Flows for Operating Activities: Adjustments to reconcile Net Income to Net Cash flows Changes in Current Operating Assets & Liabilities Net Cash Flows from Operating Activities Cash Flows from Investing Activities: Net Cash Flows used for Investing Activities Cash Flows from Financing Activities: Net Cash provided by Financing Activities Net Increase (Decrease) in Cash Cash at End of Year Non-Cash Investing & Financing Activties: Total Non-Cash Investing & Financing Activities