Question 12 of 15 - /20 s Question 6 Accounting Dropdown - / 10 Unsubmitted work VIEW FONCIES Current Attempt in Progress Question 7 Multiple Choice - /2 Unsubmitted work The following information is available for Blossom Corporation for the year ended December 31, 2022: Collection of principal on long-term loan to a supplier $16,200 Question 8 Accounting Dropdown - / 10 Unsubmitted work Acquisition of equipment for cash 11.200 Question 9 Multiple Choice -/2 Not started Proceeds from the sale of long-term investment at book value 21,200 Issuance of common stock for cash 28,200 Question 10 Multiple Choice -/2 / Ursubmitted work Depreciation expense 31,600 Redemption of bonds payable at carrying (book) value 36,200 Question 11 Accounting Dropdown - /20 Not started Payment of cash dividends 16,200 Net income 26,200 Viewing Question 12 Accounting Dropdown - / 20 Ursubmitted work Purchase of land by issuing bonds payable 46,200 Question 13 Multiple Choice -/2 Ursubrnitted work In addition, the following information is available from the comparative balance sheet for Blossom at the end of 2021 and 2022: 2022 2021 Question 14 Accounting Dropdown - /3 Ursubmitted work Cash $69,600 $15,200 Accounts receivable (net) 22.400 17.200 Question 15 Multiple Choice - /2 Ursubmitted work Question 12 of 15 - /20 = Question 6 Accounting Dropdown - / 10 Unsubmitted work 2022 2021 Question 7 Multiple Choice - /2 Unsubmitted work Cash $69,600 $15.200 Accounts receivable (net) 22,400 17.200 Question 8 Accounting Dropdown - / 10 Unsubmitted work Prepaid insurance 20,400 14.200 Total current assets $112,400 $46,600 Question 9 Multiple Choice -/2 Not started Accounts payable $32,400 $21,200 Question 10 Multiple Choice -/2 / Ursubmitted work Salaries payable 4,200 9,400 Total current liabilities $36,600 $30.600 Question 11 Accounting Dropdown - /20 Not started Prepare Blossom's 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 eg.-15,000 or in parenthesis eg (15,000).) Viewing Question 12 Accounting Dropdown - / 20 Ursubmitted work BLOSSOM CORPORATION Statement of Cash Flows December 31, 2022 Question 13 Multiple Choice -/2 Ursubrnitted work Question 14 Accounting Dropdown - /3 Ursubmitted work Cash Flows from Operating Activities Net Income 26200 Question 15 Multiple Choice - /2 Ursubmitted work Question 12 of 15 - /20 = Question 6 Accounting Dropdown - / 10 Unsubmitted work Statement of Cash Flows December 31, 2022 , Question 7 Multiple Choice - /2 Unsubmitted work Cash Flows from Operating Activities Question 8 Accounting Dropdown - / 10 Unsubmitted work Net Income $ 26200 Adjustments to reconcile net income to Question 9 Multiple Choice -/2 Not started Net Cash Provided by Operating Activities Question 10 Multiple Choice -/2 / Ursubmitted work Depreciation Expense $ 31600 Increase in Accounts Receivable -5200 Question 11 Accounting Dropdown - /20 Not started Increase in Prepaid Insurance -8200 Viewing Question 12 Accounting Dropdown - / 20 Ursubmitted work Increase in Accounts Payable 11200 Question 13 Multiple Choice -/2 Ursubrnitted work Increase in Salaries Payable -5200 24200 Question 14 Accounting Dropdown - /3 Ursubmitted work Net Cash Used by Operating Activities 50400 Question 15 Multiple Choice - /2 Ursubmitted work Question 12 of 15 - /20 = Question 6 Accounting Dropdown - / 10 Unsubmitted work 24200 Question 7 Multiple Choice - /2 Unsubmitted work Net Cash Used by Operating Activities 50400 Question 8 Accounting Dropdown - / 10 Unsubmitted work Cash Flows from Investing Activities Question 9 Multiple Choice -/2 Not started Purchase of Equipment v 11200 Question 10 Multiple Choice -/2 / Ursubmitted work Proceeds from the Sale of Investments 21200 Question 11 Accounting Dropdown - /20 Not started Net Cash Used by Investing Activities Viewing Question 12 Accounting Dropdown - / 20 Ursubmitted work Cash Flows from Financing Activities Question 13 Multiple Choice -/2 Ursubrnitted work Question 14 Accounting Dropdown - /3 Ursubmitted work Question 15 Multiple Choice - /2 Ursubmitted work Question 12 of 15
