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Blossom Company prepared the tabulation below at December 31, 2022. Net Income $309,300 Adjustments to reconcile net income to net cash provided by operating activities:
Blossom Company prepared the tabulation below at December 31, 2022. Net Income $309,300 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation expense $34,300 Decrease in accounts receivable $52,300 Increase in inventory $14,300 Decrease in accounts payable $10,900 Increase in income taxes payable $3,800 Loss on sale of land $7,300 Net cash provided (used) by operating activities Show how each item should be reported in the statement of cash flows. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).)BLOSSOM COMPANY Partial Statement of Cash Flows December 31. 2022 Net Income 309300 Adjustments to reconcile net income to Depreciation Expense Loss on Sale of Land Decrease in Accounts Receivable Increase in Inventory Decrease in Accounts Payable Increase in Income Taxes Payable Net Cash Provided by Operating Activities $
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