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part c Bramble Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The comparative balance sheet and

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Bramble Company, a major retailer of bicycles and accessories, operates several stores and is a publicly traded company. The comparative balance sheet and income statement for Bramble as of May 31, 2020, are as follows. The company is preparing its The following is additional information concerning Bramble's transactions during the year ended May 31, 2020. 1. All sales during the year were made on account. All merchandise was purchased on account, comprising the total accounts payable account. Plant assets costing $88,200 were purchased by paying $19,200 in cash and issuing 6,900 shares of stock. 4. The "other expenses" are related to prepaid items. 5. All income taxes incurred during the year were paid during the year. 6. In order to supplement its cash, Bramble issued 2,100 shares of common stock at par value. 7. Cash dividends of $121,100 were declared and paid at the end of the fiscal year. Prepare a statement of cash flows for Bramble Company for the year ended May 31, 2020, using the direct method. (A reconciliation of net income to net cash provided is not required.) (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.s. Using the indirect method, calculate only the net cash flow from operating activities for Bramble Company for the year ended May 31, 2020. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000)

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