Use the information from BE23.4 for Bloom SA. Prepare the cash flows from operating activities section of Bloom's 2019 statement of cash flows using the indirect method.

Sales revenue.................................................................................€200,000

Cost of goods sold...........................................................................120,000

Gross profit.........................................................................................80,000

Operating expenses (includes depreciation of €21,000)...............50,000

Net income.......................................................................................€ 30,000