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fast please Selected information follows for Blossom Select Corporation at December 31: Additional information: 1. Principal payments on the mortgage payable were $26,000. 2. A
fast please
Selected information follows for Blossom Select Corporation at December 31: Additional information: 1. Principal payments on the mortgage payable were $26,000. 2. A building was purchased for $520,000 by paying $208,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $150,800. Assuming the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow statement. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Note X: During the year, the company acquired a building with a cost of \$ by paying $ cash and incurring a mortgage note payable of \$Step by Step Solution
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