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plz help The net chanses in the statement of financial position accounts of Blossom inc. for the calendar year 2023 are shown below: Additional information:
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The net chanses in the statement of financial position accounts of Blossom inc. for the calendar year 2023 are shown below: Additional information: 1. Net income for the year was $70.820. Cash dividends of $55,670 were declared December 15,2023 , payable January 15,2024. A 5% common stock dividend 2. was issued March 31, 2023, when the market value was $22 per share. At the time there were 37,500 common shares outstanding. 3. The long-terminvestments were sold for $70,000. 4. A building which had cost $241,500, with a hook value of $151,500, was sold for $199,000, and a new one was purchased. 5. The following entry was made to record an exchange of an old machine for a new one: 6. Afully depreciated copier machine, which cost $14,500, was written off. 7. Preferred shares originally issued for $31,500 were redeemed for $40,000 8. Blossom sold 6,000 common shares on June 15,2023 for $25 a shure. 9. Bonds were sold at 102 on December 31,2023. 10. Land with a book value of $122,000 was sold for $55,000. Prepare a statement of cash flows tindirect methool for calendar 2023. (Show amounts thet decrease cash flow with either a . sign es. 15,000 or in parenthesis Eg.(15,000). Question 1 of 5 Step by Step Solution
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