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The income statement and additional data of Health Plus, Inc. follow:

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 A. (If a box is not used in the spreadsheet, leave the box empty; 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 Assets by Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.)

Health Plus, Inc.
Spreadsheet for Statement of Cash Flows
Year Ended September 30, 2018
		Balance	Transaction Analysis				Balance
	Panel ABalance Sheet:	9/30/2017		DEBIT	CREDIT		9/30/2018
	Cash	$9,000					$40,000
	Accounts Receivable	54,000					38,000
	Merchandise Inventory	93,000					97,000
	Plant Assets	40,000					158,000
	Accumulated DepreciationPlant Assets	(22,000)					(47,000)
	Land	100,000					72,000
	Total Assets	$274,000					$358,000
	Accounts Payable	18,000					36,000
	Accrued Liabilities	27,000					15,000
	Notes Payable	16,000					17,000
	Total Liabilities	61,000					68,000
	Common Stock, no par	5,000					39,000
	Retained Earnings	208,000					251,000
	Total Liabilities and Stockholders' Equity	$274,000					$358,000

	Panel BStatement of Cash Flows:
	Cash Flows from Operating Activities:
			a
	Adjustments to Reconcile Net Income
	to Net Cash Provided by Operating Activities:
			(b)
			(c)
						(d)
			(e)
						(f)
	Net Cash Provided by Operating Activities
	Cash Flows from Investing Activities:
						(g1)
			(h)
	Net Cash Used for Investing Activities
	Cash Flows from Financing Activities:
						(j)
			(i)
						(k)
	Net Cash Used for Financing Activities
						(l)

	Non-cash Investing and Financing Activities:
						(g2)
	Total Non-cash Investing and Financing Activities		(g2)
	Total

Score: 0 of 10 pts 5 of 5 (1 complete) HW Score: 4%, 2 of 50 pts - Data Table X final More Info The Preg ente Ass SFA 2019 Acquisition of plant assets is $118,000. Of this amount, $101,000 is paid in cash and $17,000 by signing a note payable. Cash receipt from sale of land totals $28,000. There was no gain or loss. Cash receipts from issuance of common stock total $34,000. Payment of note payable is $16,000. Payment of dividends is $7,000. From the balance sheet: 238,000 95,000 Health Plus, Inc. Income Statement Year Ended September 30, 2018 Net Sales Revenue $ Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense $ 58,000 Depreciation Expense Plant Assets 25,000 Total Operating Expenses Net Income Before Income Taxes 143,000 le Chrom 83,000 Cash Accounts Receivable Merchandise Inventory September 30 2018 2017 $ 40,000 $ 9,000 38,000 54,000 97,000 93,000 72,000 100,000 158,000 40,000 (47.000) (22,000) 60,000 pwn-1.png Land 10,000 Income Tax Expense 50,000 Plant Assets Accumulated Depreciation Net Income Print Done Print Done Choo All parts showing Check Answer Clear All

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