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help 4. (11) Bloom Corporation had the following 2019 income statement. Sales $200,000 Cost of goods sold 120,000 Gross profit 80,000 Operating expenses (including depreciation
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4. (11) Bloom Corporation had the following 2019 income statement. Sales $200,000 Cost of goods sold 120,000 Gross profit 80,000 Operating expenses (including depreciation of $25,000) 50,000 Net income $ 30,000 The following accounts increased during 2019: Accounts Receivable by $10,000; Inventory by $8,000; Accounts Payable by $12,000. Prepare the Cash Flow from Operating Activities section of Bloom's 2019 Statement of Cash Flows in good form using the indirect method Step by Step Solution
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