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Presented here are the financial statements of Blossom Company. Additional data: 1. Depreciation expense was $16,300. 2. Dividends declared and paid were $22,760. 3. During
Presented here are the financial statements of Blossom Company. Additional data: 1. Depreciation expense was $16,300. 2. Dividends declared and paid were $22,760. 3. During the year equipment was sold for $8,800 cash. This equipment cost $18,400 originally and had accumulated depreciation of $9,600 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Compute free cash flow. (Show amounts that decrease cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Free cash flow $
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