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Additional information: 1. Profit for the year was $18,100. Dividends declared and paid were $15,600 2. No noncash investing and financing activities occurred during 2024.
Additional information: 1. Profit for the year was $18,100. Dividends declared and paid were $15,600 2. No noncash investing and financing activities occurred during 2024. 3. The land was sold for cash of $3,920, resulting in a loss of $880 on the sale of the land. Prepare a cash flow statement for 2024 using the indirect method. Blossom Corporation reports under ASPE. (Show amounts thot decrease cosh flow with either a-sign eg. - 15,000, or in parenthesis eg. (15,000)). BLOSSOM CORPORATION Cash Flow Statement Year Ended December 31, 2024 Operating Activities Profitior the Year Adjustments to reconcile profit to 5
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