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

Description	Amount	Total
Sales Revenue		1,000,000
Cost of Goods Sold		730,000Single line
Gross Profit		Single line270,000
Subcategory,Operating Expenses:
Other Operating Expenses	193,000
Patent Amortization	7,000
Depreciation Expense-Plant Assets	23,000Single line	Single line
Total Operating Expenses		Single line223,000Single line
Income From Operations		Single line47,000
Subcategory,Other Income (Expenses)
Gain on Sale of Investment	15,000	-11,000Single line
Interest Expense	-26,000Single line	Single line
Net Income Before Income Taxes		Single line36,000
Income Tax Expense		50,000Single line
Net Income		Single line-14,000

 

Additional data follow:

a. Land costing $13,000 was sold for $13,000.

b. A mortage note was issused for $50,000.

c. A building was constructed for $113,000.

d. 2,500 shares of common stock were issued at $20 in exchange for the bonds payable.

e. Cash dividends declared were $74,660.

f. From the balance sheet:

	September 30
	2020	2019
Cash	$140,330	$96,200
Accounts Receivable	95,600	102,200
Merchandise Inventory	165,000	158,000
Prepaid Expenses	6,260	5,860
Investments (Long-term)	35,400	84,400
Land	76,000	90,000
Buildings	376,000	260,000
Accumulated Depreciation-Buildings	-71,600	-58,100
Machinery	428,300	428,500
Accumulated Depreciation-Machinery	-148,500	-138,000
Patents	54,000	65,000
Accounts Payable	43,300	46,500
Accrued Liabilities	14,000	12,800
Income Taxes Payable	8,100	8,300
Dividends Payable	14,000	13,000
Mortgage Note Payable (long-term)	20,000
Bonds Payable	180,000	230,000
Common Stock, $30 Par	183,000	378,000
Paid-In Capital Excess of Par-Common	66,260	41,250
Retained Earnings	373,620	349,840

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