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Prepare a statement of cash flows using the indirect method Presented here are the financial statements of Blossom Company. Blosom Company unparabve Balance Sheets 31
Prepare a statement of cash flows using the indirect method
Presented here are the financial statements of Blossom Company. Blosom Company unparabve Balance Sheets 31 BlosMHn Cunpany Iruxnne Statenent For the Year Decenber 31, 2025 2024 s 30,000 21,000 30000 117,000 (34000) $162,000 s 22,500 49,500 21,000 s 7,000 $162,000 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income 327,000 Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total Additional data: 2025 s 5200 30,000 42,000 90,000 (48,000) s 2800 10,soo 2500 27,000 75,000 26200 IOOSCO 36,000 64 SCO 60,000 12,000 S480CO 2. 3. 4. s. Depreciation expense was S26,250. Dividends and pa id S30,OOO. During the year, equipment was sold for S 12,750 cash. This equipment originally cost S27,OOO and had accumulated depreciation of S 14,250 at the time of s.'e_ Bonds were redeemed at their carrying value. Common stock WS issued at par for cash. a statement of cash flows the cosh a - COMPANY Statt of Cash czh to reconcile to Net CW v Pay Net v Net C "h
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