Use the Boost Plus, Inc. data in Exercise E14-21 to prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method.
In Exercise E14-21
The income statement of Boost Plus, Inc. follows:

Additional data follow:
a. Acquisition of plant assets is $124,000. Of this amount, $108,000 is paid in cash and $16,000 by signing a note payable.
b. Cash receipt from sale of land totals $20,000. There was no gain or loss.
c. Cash receipts from issuance of common stock total $36,000.
d. Payment of notes payable is $15,000.
e. Payment of dividends is $5,000.
f. From the balance sheet:

BOOST PLUS, INC. Income Statement Year Ended September 30, 2018 $ 231,000 Net Sales Revenue Cost of Goods Sold 94,000 Gross Profit 137,000 Operating Expenses: $ 54,000 Salaries Expense Depreciation Expense-Plant Assets 27,000 Total Operating Expenses 81,000 Net Income Before Income Taxes 56,000 Income Tax Expense 3,000 $ 53,000 Net Income September 30 2018 2017 Cash $ 39,000 $ 13,000 Accounts Receivable 46,000 61,000 Merchandise Inventory 94,000 88,000 Land 82,000 102,000 Plant Assets 214,000 90,000 Accumulated Depreciation (61,000) (34,000) Accounts Payable 32,000 15,000 Accrued Liabilities 12,000 20,000 Notes Payable (long-term) 16,000 15,000 Common Stock, no par 40,000 4,000 Retained Earnings 314,000 266,000