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Current Attempt in Progress Condensed financial data of Blossom Corp. for 2025 and 2024 are presented below. Cash BLOSSOM CORP. COMPARATIVE BALANCE SHEET AS OF
Current Attempt in Progress Condensed financial data of Blossom Corp. for 2025 and 2024 are presented below. Cash BLOSSOM CORP. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2025 AND 2024 Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock 2025 $820 0 2,240 1,620 1,590 380 2024 790 $600 1.530 190 2,090 (620) (495) $5,650 $4,805 1,190 $760 $1,240 1,230 500 990 1430 Condensed financial data of Blossom Corp. for 2025 and 2024 are presented below. \begin{tabular}{lrr} Accounts payable & $760 & $1,240 \\ Accrued liabilities & 380 & 500 \\ Bonds payable & 790 & 990 \\ Capital stock & 1,530 & 1,430 \\ Retained earnings & 2,190 & 645 \\ & $5,650 & $4,805 \\ \hline \hline \end{tabular} BLOSSOM CORP. INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2025 Sales $15,280 Cost of goods sold 10,450 Gross margin 4,830 Selling and administrative expenses 3,5951,235 Income from operations Other revenues and gains Loss on sale of investments 40 BLOSSOM CORP. Statement of Cash Flows For the Year Ended December 31, 2025 (Direct Method) Cash Flows from Operating Activities Cash Collections from Customers Less Cash Paid for Merchandise Cash Paid for Selling/Administrative Expenses Cash Paid for Income Taxes Net Cash Provided by Operating Activities Cash Flows from Investing Activities Additional information: During the year, $100 of common stock was issued in exchange for land. No plant assets were sold in 2025. Prepare a statement of cash flows using the direct method. (Show amounts in the investing and financing sections that decrease cas with either a sign e.g. 15,000 or in parenthesis e.g. (15,000).)
Current Attempt in Progress Condensed financial data of Blossom Corp. for 2025 and 2024 are presented below. Cash BLOSSOM CORP. COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2025 AND 2024 Investments Receivables Inventory Plant assets Accumulated depreciation Accounts payable Accrued liabilities Bonds payable Capital stock 2025 $820 0 2,240 1,620 1,590 380 2024 790 $600 1.530 190 2,090 (620) (495) $5,650 $4,805 1,190 $760 $1,240 1,230 500 990 1430
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