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Bloom Corporation had the following 2014 income statement. Sales revenue $217,790 Cost of goods sold 117,470 Gross profit 100,320 Operating expenses (includes depreciation of $21,730)
Bloom Corporation had the following 2014 income statement.
Sales revenue | $217,790 | |
Cost of goods sold | 117,470 | |
Gross profit | 100,320 | |
Operating expenses (includes depreciation of $21,730) | 53,950 | |
Net income | $46,370 |
The following accounts increased during 2014: Accounts Receivable $13,260; Inventory $11,900; Accounts Payable $12,140. Prepare the cash flows from operating activities section of Blooms 2014 statement of cash flows using the indirect method.(Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)
Bloom Corporation Statement of Cash Flows-Indirect Method (Partlal) For the Year 2014 Adjustments to reconcile net income to
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