Question 11 of 15 - /20 = BLOSSOM COMPANY Comparative Balance Sheet Dec 31, 2022 Dec. 31, 2021 Assets Cash $57.000 $22.500 Accounts receivable 41.000 24,500 Inventory 48.000 28,500 Prepaid expenses 17.500 32.000 Long-term investments 0 40,000 Equipment 94.500 44,500 Accumulated depreciation-equipment (43.000) (26,500) Total assets $215.000 $165,500 Liabilities and Stockholder's Equity Accounts payable $40.000 $18.500 Bonds payable 47.500 68.000 Common stock 63.000 34,500 Retained earnings 64.500 44,500 Question 11 of 15 > - /20 III CHITW Retained carnings 64,500 44 500 Total liabilities and stockholders' equity $215.000 $165,500 Additional information: 1. Net income for the year ending December 31, 2022 was $46,500, 2 Cash dividends of $26,500 were declared and paid during the year. 3. Long-term investments that had a cost of $40,000 were sold for $25,500. 4 Sales for 2022 were $131,500. 5. No equipment was sold during the year. Prepare a statement of cash flows for the year ended December 31, 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).) BLOSSOM COMPANY Statement of Cash Flows December 31, 2022 Cash Flows from Operating Activities 16gon Question 11 of 15 > - /20 December 31, 2022 Cash Flows from Operating Activities Net Income 46500 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 16500 Question 11 of 15 > - /20 III Question 11 of 15 - /20 III Attempts: 0 of 1 used Submit Answer Save for Later Last saved 49 minutes ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes