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Q2 CH 5 this is a three part question. drop down menu is on the last photo Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment
Q2 CH 5 this is a three part question.
Assets Cash Accounts receivable Equipment Less: Accumulated Depreciation-Equipment Total BLOSSOM CORPORATION BALANCE SHEETS Dec. 31, 2020 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total $21,140 107,140 40,140 (17,000) $151,420 $21,140 101,140 29,140 $151,420 Jan 1, 2020 $14,610 89,610 23,610 (11,000) $116,830 $16,610 81,610 18,610 $116,830 Inc./Dec. $6,530 Inc. 17,530 Inc. 16,530 Inc. 6,000 Inc. 4,530 Inc. 19,530 Inc. 10,530 Inc. Net income of $45,140 was reported, and dividends of $34,610 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with either a sign e.g.-15,000 or in parenthesis e.g. (15,000).) BLOSSOM CORPORATION Statement of Cash Flows Adjustment to reconcile net income to -71 iii E 1 (E T Cash at Beginning of Year Cash at End of Year Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash Used by Financing Activities Net Cash Used by Investing Activities Net Cash Used by Operating Activities Net Decrease in Cash Net increase in Cash Attempts: 0 of 3 used Submit Anwer order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above drop down menu is on the last photo
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