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Presented here are the financial statements of Blossom Company. Presented here are the financial statements of Blossom Company. Liabilities and Stockholders' Equity Accounts payable $51,300$40,500
Presented here are the financial statements of Blossom Company. Presented here are the financial statements of Blossom Company. Liabilities and Stockholders' Equity Accounts payable $51,300$40,500 Income taxes payable Bonds payable 18,90021,600 Common stock 45,90089,100 Retained earnings Total \begin{tabular}{lll} $299,700135,000 & & $291,600 \\ \hline \end{tabular} Blossom Company Income Statement For the Year Ended December 31, 2025 Sales revenue $653,400 Cost of goods sold Gross profit 180,900 Selling expenses $48,600 Administrative expenses 16,20064,800 Income from operations 116,100 Interest expense 8,100 1. Depreciation expense was $47,250. 2. Dividends declared and paid were $54,000. 3. During the year, equipment was sold for $22,950 cash. This equipment originally cost $48,600 and had accumulated depreciation of $25,650 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Prepare a statement of cash flows 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). Compute free cash flow. (Show amounts that decrease free cash flow with either a - sign e.g. 15,000 or in parenthesis e.g. (15,000).) Free cash flow $
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