The income statement and additional data of Vitamins Plus, Inc. follow: (Click the icon to...
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The income statement and additional data of Vitamins Plus, Inc. follow: (Click the icon to view the income statement) (Click the icon to view the additional data.) Prepare the spreadsheet for the 2024 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 PanelA and PanelB have been completed. Abbreviations used: Acquistion of Plant Assets by Issuing NP = Acquisition of Plant Assets by Issuing Note Payable.) a. Acquisition of plant assets is $112,000. Of this amount, $102,000 is paid in cash and $10,000 by signing a note payable b. Cash receipt from sale of land totals $22,000. There was no gain or loss. c. Cash receipts from issuance of common stock total $28,000. d. Payment of note payable is $9,000. e. Payment of dividends is $7,000. f. From the balance sheet: \begin{tabular}{lrr} \hline & \multicolumn{2}{c}{ September 30} \\ \cline { 2 - 3 } & 2024 & 2023 \\ \hline Cash & 40,000 & $27,600 \\ Accounts Receivable & 43,000 & 52,000 \\ Merchandise Inventory & 90,000 & 81,000 \\ Land & 67,000 & 89,000 \\ Plant Assets & 177,000 & 65,000 \\ Accumulated Depreciation & (45,000) & (20,000) \\ Accounts Payable & 39,000 & 21,000 \\ Accrued Liabilities & 18,000 & 28,000 \\ Notes Payable (long-term) & 10,000 & 9,000 \\ Common Stock, no par & 33,000 & 5,000 \\ Retained Earnings & 272,000 & 231,600 \\ \hline \end{tabular}
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