Rebecca's Money Print Shop, Corp,
Income Statement
Year Ended Ended September 30, 2020

Description	Amount	Total
Sales Revenue		1,500,000
Cost of Goods Sold		750,000Single line
Gross Profit		Single line750,000
Subcategory,Operating Expenses:
Other Operating Expenses	196,000
Patent Amortization	5,000
Depreciation Expense-Plant Assets	23,100Single line	Single line
Total Operating Expenses		Single line224,100Single line
Income From Operations		Single line525,900
Subcategory,Other Income (Expenses)
Gain on Sale of Investment	11,000	-14,000Single line
Interest Expense	-25,000Single line	Single line
Net Income Before Income Taxes		Single line511,900
Income Tax Expense		50,000Single line
Net Income		Single line461,900

 

Additional data follow:

a. Land costing $16,000 was sold for $16,000.

b. A mortage note was issused for $30,000.

c. A building was constructed for $114,000.

d. 2,500 shares of common stock were issued at $50 in exchange for the bonds payable.

e. Cash dividends declared were $74,640.

f. From the balance sheet:

	September 30
	2020	2019
Cash	$140,360	$95,800
Accounts Receivable	95,100	102,100
Merchandise Inventory	165,200	157,700
Prepaid Expenses	6,250	5,860
Investments (Long-term)	35,600	84,800
Land	78,000	60,000
Buildings	375,000	230,000
Accumulated Depreciation-Buildings	-71,500	-58,400
Machinery	428,600	428,300
Accumulated Depreciation-Machinery	-148,700	-140,000
Patents	54,000	63,000
Accounts Payable	43,600	46,800
Accrued Liabilities	12,000	12,700
Income Taxes Payable	7,700	8,700
Dividends Payable	16,000	11,000
Mortgage Note Payable (long-term)	70,000
Bonds Payable	130,000	230,000
Common Stock, $30 Par	343,000	376,000
Paid-In Capital Excess of Par-Common	66,260	41,250
Retained Earnings	373,620	349,810

Prepare Rebecca's Money statement of cash flows for the year ended September 30, 2020, using the indirect method.

Include a separate section for non-cash investing and financing activities

Rebecca's Money Print Shop
Statement of Cash Flows - Indirect Method
For Year Ending September 30, 2020

Description	Amount	Total
Subcategory,Cash Flows for Operating Activities:
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Subcategory,Adjustments to reconcile Net Income to Net Cash flows
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Subcategory,Changes in Current Operating Assets & Liabilities
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization	Single line	Single line
Net Cash Flows from Operating Activities		Single line
Subcategory,Cash Flows from Investing Activities:
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization	Single line	Single line
Net Cash Flows used for Investing Activities		Single line
Subcategory,Cash Flows from Financing Activities:
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization	Single line	Single line
Net Cash provided by Financing Activities		Single lineSingle line
Net Increase (Decrease) in Cash		Single line
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization		Single line
Cash at End of Year		Single line
Subcategory,Non-Cash Investing & Financing Activities:
Cash Payment - DividendsCash at Beginning of YearCash paid - construction of BuildingCash received - issue mortgage Note PayableCash received from Sale of InvestmentsCash received from Sale of LandDecrease in Accounts PayableDecrease in Accounts ReceivableDecrease in Income Tax PayableDepreciation Expense-Plant AssetsGain on Sale of InvestmentIncrease in Accrued LiabilitiesIncrease in InventoriesIncrease in Prepaid ExpensesIssue of Common Stock to Retire Bond PayableNet IncomePatent Amortization		Single line
Total Non-Cash Investing & Financing Activities		Single lineDouble line