Bloom Corporation had the following 2014 income statement.

Sales revenue		$214,850
Cost of goods sold		100,170
Gross profit		114,680
Operating expenses (includes depreciation of $24,180)		49,400
Net income		$65,280

The following accounts increased during 2014: Accounts Receivable $11,250; Inventory $12,630; Accounts Payable $13,710. Prepare the cash flows from operating activities section of Blooms 2014 statement of cash flows using the direct method.

Prepare statement of cash flows:

Bloom Corporation Statement of Cash Flows-Direct Method (Partial) For the Year 2014