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The income statement and additional data of Ketta $$Plus$,$ Inc.$$ follows:

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Prepare Ketta $$Plus$,$ Inc.$\text{'}$s statement of cash flows for the year ended September $30,2025,$ using the indirect method. Include a separate section for$$ non$-$cash investing and financing activities.

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Part $1$

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

Ketta Plus, Inc.

Statement of Cash Flows

Year Ended September $30,2025$

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

Ketta Plus, Inc.

Income Statement

Year Ended September $30,2025$

Net Sales Revenue

$$237,000$

Cost of Goods Sold

$90,000$

Gross Profit

$147,000$

Operating Expenses:

Salaries Expense

$$49,000$

Depreciation Expense$$Plant Assets

$27,000$

Total Operating Expenses

$76,000$

Net Income Before Income Taxes

$71,000$

Income Tax Expense

$14,910$

Net Income

$$56,090$

a$.$

Acquisition of plant assets is $ $119$ comma $000.$ Of this$$ amount, $ $108$ comma $000$ is paid in cash and $ $11$ comma $000$ by signing a notes payable.

b$.$

Cash receipt from sale of land totals $ $26$ comma $000.$ There was no gain or loss.

c$.$

Cash receipts from issuance of common stock total $ $28$ comma $000.$

d$.$

Payment of note payable is $ $10$ comma $000.$

e$.$

Payment of dividends is $ $13$ comma $000.$

f$.$

From the balance$$ sheet:

September $30$

$2025$

$2024$

Cash

$$30,000$

$$8,910$

Accounts Receivable

$47,000$

$57,000$

Merchandise Inventory

$90,000$

$87,000$

Land

$71,000$

$97,000$

Plant Assets

$209,000$

$90,000$

Accumulated Depreciation

$(59,000)$

$(32,000)$

Accounts Payable

$31,000$

$16,000$

Accrued Liabilities

$20,000$

$27,000$

Notes Payable $($long$-$term$)$

$11,000$

$10,000$

Common Stock, no par

$35,000$

$7,000$

Retained Earnings

$291,000$

$247,910$

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