ES The income statement of Blossom International Inc. contained the following condensed information: BLOSSOM INTERNATIONAL INC. Income Statement Year Ended December 31, 2017 Service revenue $471,000 Operating expenses $242,000 Depreciation expense 35,500 Loss on sale of equipment 25,500 303,000 Profit from operations 168,000 Other revenues and expenses Interest expense 10,100 Profit before income taxes 157,900 Income tax expense 39,475 Profit $118,425 Blossom's balance sheet contained the following comparative data at December 31: 2017 2016 Accounts receivable $52,500 $40,200 Prepaid insurance 5,100 8,100 Accounts payable 30,200 40,100 Interest payable 2,050 1,260 Income tax payable 3,050 4,600 Unearned revenue 12,100 7,600 CES 17 Assuming Blossom reports under ASPE, prepare the operating activities section of the cash flow statement using the direct method. e.g. -15,000 or in parenthesis e.g. (15,000).) BLOSSOM INTERNATIONAL INC. Cash Flow Statement (Partial)-Direct Method Year Ended December 31, 2017 Operating Activities udy Cash Receipts from Customers Cash Payments For Operating Expenses $1 For Income Taxes X To Suppliers Net Cash Provided by Operating Activities Click if you would like to Show Work for this question: Open Show Work