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

Description	Amount	Total
Sales Revenue		1,400,000
Cost of Goods Sold		730,000Single line
Gross Profit		Single line670,000
Subcategory,Operating Expenses:
Other Operating Expenses	198,000
Patent Amortization	9,000
Depreciation Expense-Plant Assets	23,400Single line	Single line
Total Operating Expenses		Single line230,400Single line
Income From Operations		Single line439,600
Subcategory,Other Income (Expenses)
Gain on Sale of Investment	14,000	-15,000Single line
Interest Expense	-29,000Single line	Single line
Net Income Before Income Taxes		Single line424,600
Income Tax Expense		60,000Single line
Net Income		Single line364,600

 

Additional data follow:

a. Land costing $14,000 was sold for $14,000.

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

c. A building was constructed for $116,000.

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

e. Cash dividends declared were $74,690.

f. From the balance sheet:

	September 30
	2020	2019
Cash	$140,320	$95,900
Accounts Receivable	95,500	102,500
Merchandise Inventory	165,100	158,000
Prepaid Expenses	6,220	5,860
Investments (Long-term)	35,800	84,600
Land	73,000	60,000
Buildings	375,000	270,000
Accumulated Depreciation-Buildings	-71,200	-58,000
Machinery	428,300	428,000
Accumulated Depreciation-Machinery	-148,600	-138,000
Patents	54,000	67,000
Accounts Payable	43,700	46,900
Accrued Liabilities	16,000	12,300
Income Taxes Payable	7,800	8,700
Dividends Payable	13,000	11,000
Mortgage Note Payable (long-term)	70,000
Bonds Payable	180,000	280,000
Common Stock, $30 Par	393,000	373,000
Paid-In Capital Excess of Par-Common	66,260	41,250
Retained Earnings	373,660	349,820

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