Question

Homework: Financial Chapter 16 Homework Save Score: 0 of 25 pts 4 of 5 (3 complete) HW Score: 35%, 35 of 100 pts EF16-21 (similar to) Assigned Media Question Help i More Info Х The income statement and additional data of Energy Plus, Inc. follows: E (Click the icon to view the income statement.) (Click the icon to v v Prepare Energy Plus's statement of cash flows for the year ended Septen ancing activities Complete the statement one section at a time, beginning with the cash flo not select a label or enter a zero.) te in cash. If a box is not used in the statement, leave the box empty: do a. Acquisition of plant assets is $122,000. Of this amount, $107.000 is paid in cash and $15,000 by signing a note payable. b. Cash receipt from sale of land totals $26,000. There was no gain or loss. Cash receipts from issuance of common stock total $32,000 d. Payment of note payable is $14,000. e. Payment of dividends is $8,000. From the balance sheet: September 30 Energy 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: 2024 2023 $ 32,000 $ 8.550 Cash 39,000 53,000 97,000 58,000 95,000 84,000 162,000 40,000 in Accounts Recevable Merchandise Inventory Land Plant Assets Accumulated Depreciation Accounts Payable Accrued Liabilities Notes Payable (long-term) Common Stock, no par Retained Earnings (47,000) (22,000) 34,000 16,000 1 22.000 18,000 15,000 12 14,000 9,000 41,000 Net Cash Provided by (Used for) Operating Activities 233,000 197,550 Choose from any list or enter any number in the input fields and then ? Print Done 3 3 parts remaining Check Answer

Answer 1

$26000 $(107000) used $( 81000 Cash flow from investing activities sale of land Purchase of plant Net cash flow from investing cutivitiu Cash flow from financing activities Issuance of stock Payment of notes payable $32000 B (14000) $ (80oo) payment of dividend $ 10,000 Net Cash flow from financing activition Net change in cash feow cashat starting of the period closing cash balance $ 23450 8550 $ 32000 notes is non * Land acquired en ene exchange of payable cash investing and final ing activity

$43450 Energy Plus Inc Statement of cash flows Year ended September 30, 2024 Cash jours from operating activities Net Income Adjustments to reconcile Net Income to Net cash Net cash flow from operating activities Add: Depreciation decrease in auounts receivable Increase un inventory $(2000) Increase in accounts payable $ 18000 Decrease in accrued liabilities Net cash provided from operating activities $25000 $14000 $(4000) $51000 $94450