BLOSSOM INC. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016
		12/31/17			12/31/16
Cash		$5,900			$6,900
Accounts receivable		61,400			50,800
Short-term debt investments (available-for-sale)		35,000			17,800
Inventory		40,000			59,400
Prepaid rent		5,000			3,900
Equipment		155,200			129,000
Accumulated depreciationequipment		(35,000	)		(25,000	)
Copyrights		45,600			49,900
Total assets		$313,100			$292,700
Accounts payable		$46,300			$39,800
Income taxes payable		3,900			6,100
Salaries and wages payable		7,900			3,900
Short-term loans payable		8,000			10,100
Long-term loans payable		60,100			68,400
Common stock, $10 par		100,000			100,000
Contributed capital, common stock		30,000			30,000
Retained earnings		56,900			34,400
Total liabilities & stockholders equity		$313,100			$292,700

BLOSSOM INC. INCOME STATEMENT FOR THE YEAR ENDING DECEMBER 31, 2017
Sales revenue				$338,600
Cost of goods sold				174,500
Gross profit				164,100
Operating expenses				119,100
Operating income				45,000
Interest expense		$11,400
Gain on sale of equipment		1,900		9,500
Income before tax				35,500
Income tax expense				7,100
Net income				$28,400

Additional information:

1.		Dividends in the amount of $5,900 were declared and paid during 2017.
2.		Depreciation expense and amortization expense are included in operating expenses.
3.		No unrealized gains or losses have occurred on the investments during the year.
4.		Equipment that had a cost of $20,100 and was 70% depreciated was sold during 2017

prepare a statement of cash flows using direct method