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Question 2 of 5 View Policies Current Attempt in Progress Blossom Corporation's comparative balance sheet is presented below. BLOSSOM CORPORATION Balance Sheet December 31 Assets
Question 2 of 5 View Policies Current Attempt in Progress Blossom Corporation's comparative balance sheet is presented below. BLOSSOM CORPORATION Balance Sheet December 31 Assets 2021 2020 Cash $10,580 $7.910 Accounts receivable 15,690 17,320 Land 14,800 19,240 Buildings 51.800 51.800 Accumulated depreciation-buildings (11,100) (7,400) Total $81,770 $88,870 Liabilities and Shareholders' Equity $9,150 $23,010 Accounts payable Common shares Retained earnings 55,500 51,060 17.120 14,800 Total $81,770 $88,870 Additional information: 1. 2. Profit was $16,750. Dividends declared and paid were $14.430. No noncash investing and financing activities occurred during 2021. The land was sold for cash of $3.630 resulting in a loss of $810 on the sale of the land. 3. Prepare a cash flow statement for 2021 using the indirect method. Lu Corporation reports under ASPE: Show amounts that decrease cash flow with either a sign 6.8 -15.000, or in parenthesises. (15,000 BLOSSOM LIMITED Cash Flow Statement-Indirect method Year Ended December 21, 2021 Net Cech provided by Operating Activities Profit S Austments to recondi e pront to > $ >
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