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Please confirm answers inboxes are correct as well as show how to solve the blank boxes. The comparative statement of financial position for Blossom Corporation

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The comparative statement of financial position for Blossom Corporation shows the following noncash current asset and liability accounts at March 31: 2018 2017 Accounts receivable $60,000 $40,000 60,000 Inventory 70,000 Accounts payable 25,000 40,000 Dividends payable 2,000 1,000 Blossom's income statement reported the following selected information for the year ended March 31, 2018: net income was $270,000, depreciation expense was $60,000, and a loss on the disposal of land was $10,000. Blossom uses a perpetual inventory system. Calculate net cash provided (used) by operating activities using the indirect method. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLOSSOM CORPORATION Statement of Cash Flows (Partial)-Indirect Method Month Ended March 31, 2018 Operating activities $ 270,000 Net income Adjustments to reconcile net income to Net cash provided (used) by operating activities $ Depreciation expense 60,000 Loss on disposal of land 10,000 Accounts receivable increase (20,000) (10,000) Inventory increase (15,000) Interest payable decrease $ Net cash provided by operating activities

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