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Blossom Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Dividends payable $ 15 $ 10 Bank loan payable-current portion
Blossom Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Dividends payable $ 15 $ 10 Bank loan payable-current portion 240 240 Bank loan payable-non-current portion 500 325 Common shares 660 415 Retained earnings 760 540 Additional information: 1. The bank loan was increased by additional borrowings of $330 to partially finance the purchase of new equipment that cost $540. The bank loan was decreased by repayments. 2. Common shares were issued during the year. None were repurchased. 3. The company paid dividends during the year. 4. Net income for the year was $450. Prepare the financing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Financing activities Issue of common shares Payment of cash dividends Repayment of bank loan payable Net cash used by financing activities BLOSSOM CORPORATION Statement of Cash Flows (Partial) ($in thousands) Year Ended December 31, 2021 $ $ Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $540 by paying $210 cash and issuing a $ bank loan payable.
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