Bloom Corporation had the following 2012 income statement. Sales $200,000 Cost of goods sold 120,000 Gross profit 80,000 Operating expense (including depreciation of $21,000) 50,000 Net income $30,000 The following accounts increased during 2012: accounts receivable $12,000; inventory $11,000; accounts payable $13,000. Complete the cash flows from operating activities section of Bloom's 2012 statement of cash flows using the direct method

BE234 Bloom Corporation had the following 2012 income statement. Sales $200,000 Cost of goods sold Gross profit 80,000 Operating expense (including depreciation of $21,000) 50,000 Net income 120,000 $30,000 The following accounts increased during 2012: accounts receivable $12,000; inventory $11,000; accounts payable $13,000. Complete the cash flows from operating activities section of Bloom's 2012 statement of cash flows using the direct method