Question

The income statement and additional data of Supplements Plus, Inc. follow: (Click the icon to view the income statement.) i (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 Alf a box is not used in the spreadsheet, leave the box emoty: do not select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed Abbreviations used: Acquistion of Plant Aseets by Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.) Supplements Plus, Inc. Spreadsheet for Statement of Cash Flows Year Ended September 30, 2018 Transaction Analysis Balance Balance 9/30/2017 Panel A-Balance Sheet: DEBIT CREDIT 9/30/2018 38,000 10,000 56.000 Cash Accounts Receivable Merchandise Inventory Plant Assets 92.000 85,000 43,000 97.000 179,000 Accumulated Depreciation-Plant Assels (30,000) 84,000 (58,000) 52,000 Land S S Total Assets 277,000 363,000 Accounts Payable 21,000 32,000 Accrued Liabilities 37,000 20,000 14,000 13.000 Noles Payable Tolal Liabilities 66,000 71,000 Common Stock, no par Retained Earnings 7.000 204,000 277,000 40,000 252.000 363,000 Total Ulabilities and Stockholders' Equity

Answer 1

Supplements Plus, Inc.
Statement of cash flows - Indirect method
For the year ended Dec. 31, 2018 (amounts in $)
cash flow from operating activities:
net income		57000
adjustments to reconcile with net income to net cash flow from operating activities:
add: depreciation	26000
decrease in accounts receivable	13000
increase in inventory	-5000
increase in accounts payable	16000
decrease in accrued liabilities	-12000	38000
net cash provided from operating activities		95000
cash flow from investing activities
sale of land	22000
purchase of plant	-100000
net cash flow from investing activities		-78000
cash flow from financing activities:
issuance of stock	33000
payment of notes payable	-13000
payment of dividends	-9000
net cash flow from financing activities		11000
net change in cash flow		28000
cash at the starting of the year		10000
cash at the ending of the year		38000
noncash investing and financing activities:
land acquired in exchange of notes payable		14000