Blossom co. has Net Income of $165,000, Depreciation expense of 12,500, and Gain on Sale of Equipment of $6,300 reported on their Income Statement. They also had the following Current Assets and Current Liabilities on their comparative Balance Sheet.

2022 2021

Cash $ 37,000 $ 33,000

Accounts receivable 57,000 41,000

Inventories 45,000 48,000

Prepaid expenses 17,000 14,000

Accounts Pavable 44,000 51,000

Salaries & Wages Payable 21,000 15,000

Instructions:

Prepare the Cash Flow Statement (Operating section only) for Blossom for the year ended Dec 31, 2022. Use proper heading and formats.