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Blossom Company's comparative balance sheets are as follows. Blossom Company Comparative Balance Sheets December 31 2022 2021 Cash $ 16,800 $ 17,600 Accounts receivable
Blossom Company's comparative balance sheets are as follows. Blossom Company Comparative Balance Sheets December 31 2022 2021 Cash $ 16,800 $ 17,600 Accounts receivable Investments 25,400 22,100 19,750 16,250 Equipment 60,050 69,950 Accumulated depreciation-equipment (13,750 ) (10,400 ) Total $108,250 $115,500 Accounts payable $ 14,650 $ 11,250 Bonds payable 10,000 30,100 Common stock 50,300 44,600 Retained earnings 33,300 29,550 Total $108,250 $115,500 Additional information: 1. 2. 3. Net income was $18,750. Dividends declared and paid were $15,000. Equipment which cost $9,900 and had accumulated depreciation of $1,600 was sold for $3,000. No noncash investing and financing activities occurred during 2022. (a) Prepare a statement of cash flows for 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -45,000, or in parenthesis e.g. (45,000).) Blossom Company Statement of Cash Flows
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