Question

EF 16-21 (similar to) Assigned Media Question Help The income statement and additional data of Energy Plus, Inc. follows: (Click the icon to view the income statement.) A (Click the icon to view the additional data.) Prepare Energy Plus's statement of cash flows for the year ended September 30, 2024, 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.) 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: Net Cash Provided by (Used for) Operating Activities

Answer 1

ENERGY PLUS, INC
Statement of Cash Flows
Year Ended September 30, 2024
Cash Flows from Operating Activities:
Net Income		$ 43,450.00
Adjustments to Reconcile Net Income to Net Cash
Provided by Operating Activities:
Depreciation Expense—Plant Assets	$ 25,000.00
Decrease in Accounts Receivable	$ 14,000.00
Increase in Merchandise Inventory	$ (2,000.00)
Increase in Accounts Payable	$ 18,000.00
Decrease in Accrued Liabilities	$ (4,000.00)	$ 51,000.00
Net Cash Provided by Operating Activities		$ 94,450.00
Cash Flows from Investing Activities:
Acquisition of Plant Asset	-107,000
Cash Receipt from Sale of Land	26,000
Net Cash Used for Investing Activities		-81,000
Cash Flows from Financing Activities:
Cash Receipt from Issuance of Common Stock	32,000
Cash Payment of Notes Payable	-14,000
Cash Payment of Dividends	-8,000
Net Cash Provided by Financing Activities		10,000
Net Increase (Decrease) in Cash		23,450
Cash Balance, September 30, 2023		8,550
Cash Balance, September 30, 2024		$32,000
Non-cash Investing and Financing Activities:
Acquisition of Plant Assets with Notes Payable		$15,000
Total Non-cash Investing and Financing Activities		$15,000

А B с 1 ENERGY PLUS, INC 2 Statement of Cash Flows 3 Year Ended September 30, 2024 4 43450 25000 =53000-39000 =95000-97000 = 34000-16000 =18000-22000 =SUM(B9:B13) =C6+C13 - 107000 26000 5 Cash Flows from Operating Activities: 6 Net Income 7 Adjustments to Reconcile Net Income to Net Cash 8 Provided by Operating Activities: 9 Depreciation Expense-Plant Assets 10 Decrease in Accounts Receivable 11 Increase in Merchandise Inventory 12 Increase in Accounts Payable 13 Decrease in Accrued Liabilities 14 Net Cash Provided by Operating Activities 15 Cash Flows from Investing Activities: 16 Acquisition of Plant Asset 17 Cash Receipt from Sale of Land 18 Net Cash Used for Investing Activities 19 Cash Flows from Financing Activities: 20 Cash Receipt from Issuance of Common Stock Cash Payment of Notes Payable 22 Cash Payment of Dividends 23 Net Cash Provided by Financing Activities 24 Net Increase (Decrease) in Cash 25 Cash Balance, September 30, 2023 26 Cash Balance, September 30, 2024 27 28 Non-cash Investing and Financing Activities: 29 Acquisition of Plant Assets with Notes Payable 30 Total Non-cash Investing and Financing Activities =B16+B17 21 32000 - 14000 -8000 =SUM(B20:322) =C14+C18+C23 8550 =C24+C25 15000 =C29