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Blossom Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is as follows: Additional information: 1. Profit for 2024

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Blossom Limited is a private company reporting under ASPE. Its comparative balance sheet at December 31 is as follows: Additional information: 1. Profit for 2024 was $204,000. 2. Equipment was purchased during the year. No equipment was sold. 3. Cash dividends were paid to the common shareholders during the year. Prepare the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. -13 parenthesis e.g. (15,000)} Prepare the cash flow statement using the indirect method. (Show amounts that decrease cash flow with either a-sign parenthesis eg. (15,000). Collections from Customers Decrease in Accounts Payable Decrease in Accounts Receivable Decrease in Interest Payable Decrease in Inventory Decrease in Prepaid Insurance Decrease in Salaries Payable Depreciation Expense Increase in Accounts Payable Increase in Accounts Receivable Increase in Interest Payable Increase in Inventory Increase in Prepaid Insurance Increase in Salaries Payable Issued Common Shares Issued Note Payable Payment of Cash Dividends Payments for Operating Expenses Payments for Taxes Payments to Suppliers Profit for the Year Purchase of Equipment Repayments of Notes Payable

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