The income statement and additional data of Healthy Living ​Plus, Inc.​ follows: Prepare Healthy Living Plus's statement of cash flows for the year ended September ​30, 2018​, using the indirect method. Include a separate section for​ non-cash investing and financing activities.   Complete the statement one section at a​ time, beginning with the cash flows from operating activities. ​(Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the​ statement, leave the box​ empty; do not select a label or enter a​ zero.)   a. Acquisition of plant assets is $115,000. Of this​ amount, $101,000 is paid in cash and $14,000 by signing a note payable. b. Cash receipt from sale of land totals $24,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $35,000. d. Payment of note payable is $13,000. e. Payment of dividends is $11,000. f. From the balance​ sheet:   September 30   2018 2017 Cash $35,000 $16,000 Accounts Receivable 46,000 59,000 Merchandise Inventory 98,000 89,000 Land 72,000 96,000 Plant Assets 200,000 85,000 Accumulated Depreciation (37,000) (15,000) Accounts Payable 40,000 28,000 Accrued Liabilities 16,000 21,000 Notes Payable (long-term) 14,000 13,000 Common Stock, no par 46,000 11,000 Retained Earnings 298,000 257,000   Complete the statement one section at a​ time, beginning with the cash flows from operating activities. ​(Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the​ statement, leave the box​ empty; do not select a label or enter a​ zero.) Cash Flows from Operating Activities:       Net Income       Adjustments to Reconcile Net Income to Net Cash       Provided by (Used for) Operating Activities:                                                               Net Cash Provided by (Used for) Operating Activities       Cash Flows from Investing Activities:                                       Net Cash Provided by (Used for) Investing Activities       Cash Flows from Financing Activities:                                       Net Cash Provided by (Used for) Financing Activities       Net Increase (Decrease) in Cash       Cash Balance, September 30, 2017       Cash Balance, September 30, 2018               Non-cash Investing and Financing Activities:                       Total Non-cash Investing and Financing Activities       Choose from any list or enter any number in the input fields and then continue to the next

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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The income statement and additional data of

Healthy Living

​Plus, Inc.​ follows:

Prepare
Healthy Living Plus's statement of cash flows for the year ended
September ​30, 2018​, using the indirect method. Include a separate section for​ non-cash investing and financing activities.
 
Complete the statement one section at a​ time, beginning with the cash flows from operating activities. ​(Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the​ statement, leave the box​ empty; do not select a label or enter a​ zero.)

 

a.
Acquisition of plant assets is
$115,000.
Of this​ amount,
$101,000
is paid in cash and
$14,000
by signing a note payable.
b.
Cash receipt from sale of land totals
$24,000.
There was no gain or loss.
c.
Cash receipts from issuance of common stock total
$35,000.
d.
Payment of note payable is
$13,000.
e.
Payment of dividends is
$11,000.
f.
From the balance​ sheet:
 
September 30
 
2018
2017
Cash
$35,000
$16,000
Accounts Receivable
46,000
59,000
Merchandise Inventory
98,000
89,000
Land
72,000
96,000
Plant Assets
200,000
85,000
Accumulated Depreciation
(37,000)
(15,000)
Accounts Payable
40,000
28,000
Accrued Liabilities
16,000
21,000
Notes Payable (long-term)
14,000
13,000
Common Stock, no par
46,000
11,000
Retained Earnings
298,000
257,000

 

Complete the statement one section at a​ time, beginning with the cash flows from operating activities. ​(Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the​ statement, leave the box​ empty; do not select a label or enter a​ zero.)

Cash Flows from Operating Activities:
 
 
 
Net Income
 
 
 
Adjustments to Reconcile Net Income to Net Cash
 
 
 
Provided by (Used for) Operating Activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Provided by (Used for) Operating Activities
 
 
 
Cash Flows from Investing Activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Provided by (Used for) Investing Activities
 
 
 
Cash Flows from Financing Activities:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net Cash Provided by (Used for) Financing Activities
 
 
 
Net Increase (Decrease) in Cash
 
 
 
Cash Balance, September 30, 2017
 
 
 
Cash Balance, September 30, 2018
 
 
 
 
 
 
 
Non-cash Investing and Financing Activities:
 
 
 
 
 
 
 
 
 
 
 
Total Non-cash Investing and Financing Activities
 
 
 
Choose from any list or enter any number in the input fields and then continue to the next 
Data Table
The income statement and additional data of Healthy Living Plus, Inc. follows:
E (Click the icon to view the income statement.)
(Click the icon to view the additional data.)
Year Ended September 30, 2018
Prepare Healthy Living Plus's statement of cash flows for the year ended September 30, 2018, using the indir
Net Sales Revenue
$
233,000
Cash Flows from Operating Activities:
93,000
Cost of Goods Sold
Net Income
Gross Profit
140,000
Adjustments to Reconcile Net Income to Net Cash
Operating Expenses:
Provided by (Used for) Operating Activities:
Salaries Expense
2$
57,000
22,000
Depreciation Expense-Plant Assets
79,000
Total Operating Expenses
Net Income Before Income Taxes
61,000
9,000
Income Tax Expense
$
52,000
Net Income
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Transcribed Image Text:Data Table The income statement and additional data of Healthy Living Plus, Inc. follows: E (Click the icon to view the income statement.) (Click the icon to view the additional data.) Year Ended September 30, 2018 Prepare Healthy Living Plus's statement of cash flows for the year ended September 30, 2018, using the indir Net Sales Revenue $ 233,000 Cash Flows from Operating Activities: 93,000 Cost of Goods Sold Net Income Gross Profit 140,000 Adjustments to Reconcile Net Income to Net Cash Operating Expenses: Provided by (Used for) Operating Activities: Salaries Expense 2$ 57,000 22,000 Depreciation Expense-Plant Assets 79,000 Total Operating Expenses Net Income Before Income Taxes 61,000 9,000 Income Tax Expense $ 52,000 Net Income Print Done Activate Windows Choose from any list or enter any number in the input fields and then continue to the next question. Go to Settings to activate Vindows. 1:42 AM O Type here to search 100% 12/11/2020
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