In 2020, Blossom Inc. issued 1,000 shares of $10 par value common stock for land worth $40,600. (a) Prepare Blossom's journal entry to record the transaction. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts.) Account Titles and Explanation Debit Credit (b) Indicate the effect the transaction has on cash. (c) Indicate how the transaction is reported on the statement of cash flows. (b) Indicate the effect the transaction has on cash. (c) Indicate how the transaction is reported on the statement of cash flows. Blossom Inc. Statement of Cash Flows (Partial) $ Inc. Flows (Partial) Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net Increase in Cash Noncash Investing and Financing Activities $ Att