The income statement and additional data of Vitamins Plus, Inc. follow: E (Click the icon to...

  

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The income statement and additional data of Vitamins Plus, Inc. follow: E (Click the icon to view the income statement.) A (Click the icon to view the additional data.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Use the transaction references in Panel B when selecting the transaction references in Panel A. (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero. Do not check your answer until both Panel A a completed. Abbreviations used: Acquistion of Plant Assets by Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.) Vitamins Plus, Inc. A Data Table %3 Spreadsheet for Statement of Cash Flows Year Ended September 30, 2018 Balance Transaction Analysis Balance Vitamins Plus, Inc. Panel A-Balance Sheet: 9/30/2017 DEBIT CREDIT 9/30/2018 Income Statement 27,000 57.000 Cash 37,000 Year Ended September 30, 2018 Accounts Receivable 46,000 Net Sales Revenue S 230.000 Merchandise Inventory 95,000 97,000 Cost of Goods Sold 92.000 Plant Assets 55,000 168,000 Gross Profit 138,000 Operating Expenses: (20,000) 83,000 Accumulated Depreciation-Plant Assets (44,000) Salaries Expense 55,000 Land 58,000 24.000 Depreciation Expense-Plant Assets $ 297,000 15 362,000 79,000 Total Assets Total Operating Expenses Net Income Before Income Taxes 59.000 Accounts Payable 29,000 39,000 Income Tax Expense 10,000 49,000 Net Income Choose from any list or enter any number in the input fields and then continue to the next question i More Info The income statement and additional data of Vitamins Plus, Inc. follow: E (Click the icon to view the income statement.) (Click the icon to view the additional data.) a. Acquisition of plant assets is $113,000. Of this amount, $101,000 is paid in cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals S25,000. There was no gain or loss. Cash receipts from issuance of common stock total $28,000 Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. 25,000 11,000 Accrued Llabilities 15,000 12,000 Notes Payable C. d. Payment of note payable is $11.000. e. Payment of dividends is $13,000. f. From the balance sheet Total Liabilities 65,000 66,000 Common Stock, no par 12,000 40,000 220,000 256,000 September 30 Retained Earnings 2018 2017 S 297,000 362,000 Total Liabilities and Stockholders' Equity Cash $ 37,000 S 27,000 Accounts Recelvable 46,000 57,000 Panel B-Statement of Cash Flows: Merchandise Inventory 97,000 95,000 Cash Flows from Operating Activities: Land 58,000 83,000 (a) Plant Assets 168,000 55,000 Adjustments to Reconcile Net Income Accumulated Depreciation (44,000) (20,000) to Net Cash Provided by Operating Activities: Accounts Payable 39,000 29,000 (b) Accrued Liabilities 15,000 25,000 (c) Notes Payable (long-term) 12,000 11,000 (d) Common Stock, no par 40,000 12,000 (e) Print Done Choose from any list or enter any number in the input fields and then continue to the next question. cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals $25,000. There was no gain or loss. c. Cash receipts from issuance of common stock total 528,000. d. Payment of note payable is $11.000. e. Payment of dividends is $13,000. f. From the balance sheet Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. e) (f) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (91) September 30 (h) 2018 2017 Net Cash Used for Investing Activities Cash $ 37,000 $ 27,000 Cash Flows from Financing Activities: Accounts Receivable 46,000 57,000 Merchandise Inventory 97,000 95,000 () Land 58,000 83,000 (k) Plant Assets 168,000 55,000 Net Cash Used for Financing Activities Accumulated Depreciation (44,000) (20,000) (1) Accounts Payable 39,000 29,000 Accrued Liabilities 15,000 25,000 Non-cash Investing and Financing Activities: Notes Payable (long-term) 12,000 11,000 (g2) Common Stock, no par 40,000 12,000 Retained Earnings 256,000 220,000 Total Non-cash investing and Financing Activities (g2) Total Print Done Choose from any list or enter any number in the input fields and then continue to the next question. The income statement and additional data of Vitamins Plus, Inc. follow: E (Click the icon to view the income statement.) A (Click the icon to view the additional data.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. Use the transaction references in Panel B when selecting the transaction references in Panel A. (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero. Do not check your answer until both Panel A a completed. Abbreviations used: Acquistion of Plant Assets by Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.) Vitamins Plus, Inc. A Data Table %3 Spreadsheet for Statement of Cash Flows Year Ended September 30, 2018 Balance Transaction Analysis Balance Vitamins Plus, Inc. Panel A-Balance Sheet: 9/30/2017 DEBIT CREDIT 9/30/2018 Income Statement 27,000 57.000 Cash 37,000 Year Ended September 30, 2018 Accounts Receivable 46,000 Net Sales Revenue S 230.000 Merchandise Inventory 95,000 97,000 Cost of Goods Sold 92.000 Plant Assets 55,000 168,000 Gross Profit 138,000 Operating Expenses: (20,000) 83,000 Accumulated Depreciation-Plant Assets (44,000) Salaries Expense 55,000 Land 58,000 24.000 Depreciation Expense-Plant Assets $ 297,000 15 362,000 79,000 Total Assets Total Operating Expenses Net Income Before Income Taxes 59.000 Accounts Payable 29,000 39,000 Income Tax Expense 10,000 49,000 Net Income Choose from any list or enter any number in the input fields and then continue to the next question i More Info The income statement and additional data of Vitamins Plus, Inc. follow: E (Click the icon to view the income statement.) (Click the icon to view the additional data.) a. Acquisition of plant assets is $113,000. Of this amount, $101,000 is paid in cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals S25,000. There was no gain or loss. Cash receipts from issuance of common stock total $28,000 Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. 25,000 11,000 Accrued Llabilities 15,000 12,000 Notes Payable C. d. Payment of note payable is $11.000. e. Payment of dividends is $13,000. f. From the balance sheet Total Liabilities 65,000 66,000 Common Stock, no par 12,000 40,000 220,000 256,000 September 30 Retained Earnings 2018 2017 S 297,000 362,000 Total Liabilities and Stockholders' Equity Cash $ 37,000 S 27,000 Accounts Recelvable 46,000 57,000 Panel B-Statement of Cash Flows: Merchandise Inventory 97,000 95,000 Cash Flows from Operating Activities: Land 58,000 83,000 (a) Plant Assets 168,000 55,000 Adjustments to Reconcile Net Income Accumulated Depreciation (44,000) (20,000) to Net Cash Provided by Operating Activities: Accounts Payable 39,000 29,000 (b) Accrued Liabilities 15,000 25,000 (c) Notes Payable (long-term) 12,000 11,000 (d) Common Stock, no par 40,000 12,000 (e) Print Done Choose from any list or enter any number in the input fields and then continue to the next question. cash and $12,000 by signing a note payable. b. Cash receipt from sale of land totals $25,000. There was no gain or loss. c. Cash receipts from issuance of common stock total 528,000. d. Payment of note payable is $11.000. e. Payment of dividends is $13,000. f. From the balance sheet Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. e) (f) Net Cash Provided by Operating Activities Cash Flows from Investing Activities: (91) September 30 (h) 2018 2017 Net Cash Used for Investing Activities Cash $ 37,000 $ 27,000 Cash Flows from Financing Activities: Accounts Receivable 46,000 57,000 Merchandise Inventory 97,000 95,000 () Land 58,000 83,000 (k) Plant Assets 168,000 55,000 Net Cash Used for Financing Activities Accumulated Depreciation (44,000) (20,000) (1) Accounts Payable 39,000 29,000 Accrued Liabilities 15,000 25,000 Non-cash Investing and Financing Activities: Notes Payable (long-term) 12,000 11,000 (g2) Common Stock, no par 40,000 12,000 Retained Earnings 256,000 220,000 Total Non-cash investing and Financing Activities (g2) Total Print Done Choose from any list or enter any number in the input fields and then continue to the next question.

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Vitamins Plus Inc Spreadsheet of statement of cash flow For Year Ended Se... View the full answer