Use the Supplements Plus, Inc. data in Exercise E16-21 to prepare the spreadsheet for the 2016 statement of cash flows. Format cash flows from operating activities by the indirect method.
In Exercise E16-21
The income statement of Supplements Plus, Inc. follows:
Additional data follow:
a. Acquisition of plant assets is $121,000. Of this amount, $104,000 is paid in cash and $17,000 by signing a note payable.
b. Cash receipt from sale of land totals $26,000. There was no gain or loss.
c. Cash receipts from issuance of common stock total $30,000.
d. Payment of notes payable is $16,000.
e. Payment of dividends is $9,000.
f. From the balance sheet: