The income statement and additional data of Supplements Plus, Inc. follows: (Click the icon to view...
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The income statement and additional data of Supplements Plus, Inc. follows: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Supplements 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. Supplements Plus, Inc. Statement of Cash Flows Year Ended September 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities $ 26,000 9,000 9,000 16,000 5,000 45,030 tiv et l rati Pla Rec se In Paya Liabil ed for) Data table Supplements 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 Print $ Done 55,000 26,000 $ 234,000 96,000 138,000 81,000 57,000 11,970 $ 45,030 - X para More info Question 4 FF14-21 leimilar a. Acquisition of plant assets is $112,000. Of this amount, $102,000 is paid in cash and $10,000 by signing a note payable. b. Cash receipt from sale of land totals $22,000. There was no gain or loss. C. Cash receipts from issuance of common stock total $30,000. d. Payment of note payable is $9,000. e. Payment of dividends is $7,000. f. From the balance sheet: komm Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Pavable (long-term). Print September 30 2024 2023 $ 35,000 $ 18,970 50,000 59,000 91,000 82,000 83,000 105,000 142,000 30,000 (41,000) (15,000) 35,000 19,000 19,000 24,000 10.000 9.000 Done - X rate The income statement and additional data of Supplements Plus, Inc. follows: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Supplements 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. Supplements Plus, Inc. Statement of Cash Flows Year Ended September 30, 2024 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities Net Cash Provided by (Used for) Operating Activities $ 26,000 9,000 9,000 16,000 5,000 45,030 tiv et l rati Pla Rec se In Paya Liabil ed for) Data table Supplements 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 Print $ Done 55,000 26,000 $ 234,000 96,000 138,000 81,000 57,000 11,970 $ 45,030 - X para More info Question 4 FF14-21 leimilar a. Acquisition of plant assets is $112,000. Of this amount, $102,000 is paid in cash and $10,000 by signing a note payable. b. Cash receipt from sale of land totals $22,000. There was no gain or loss. C. Cash receipts from issuance of common stock total $30,000. d. Payment of note payable is $9,000. e. Payment of dividends is $7,000. f. From the balance sheet: komm Cash Accounts Receivable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Pavable (long-term). Print September 30 2024 2023 $ 35,000 $ 18,970 50,000 59,000 91,000 82,000 83,000 105,000 142,000 30,000 (41,000) (15,000) 35,000 19,000 19,000 24,000 10.000 9.000 Done - X rate
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