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Presented below are data taken from the records of Blossom Company. December 31, 2020 December 31, 2019 Cash $15,100 $7,900 Current assets other than cash

Presented below are data taken from the records of Blossom Company.

December 31, 2020

December 31, 2019

Cash

$15,100

$7,900

Current assets other than cash

85,600

59,800

Long-term investments

9,900

53,500

Plant assets

333,500

213,200

$444,100

$334,400

Accumulated depreciation

$19,800

$40,000

Current liabilities

39,800

22,000

Bonds payable

75,100

0

Common stock

252,600

252,600

Retained earnings

56,800

19,800

$444,100

$334,400

Additional information:

1. Held-to-maturity debt securities carried at a cost of $43,600 on December 31, 2019, were sold in 2020 for $33,700. The loss (not unusual) was incorrectly charged directly to Retained Earnings.
2. Plant assets that cost $50,000 and were 80% depreciated were sold during 2020 for $8,000. The loss was incorrectly charged directly to Retained Earnings.
3. Net income as reported on the income statement for the year was $57,000.
4. Dividends paid amounted to $8,100.
5. Depreciation charged for the year was $19,800.

Prepare a statement of cash flows for the year 2020 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).)

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