Question 7 of 14 < > View Policies Current Attempt in Progress Blossom Corporation reported the following information (in thousands) at December 31, 2021: 2021 2020 Dividends payable $ 30 $ 5 Bank loan payable-current portion 230 230 Bank loan payable-non-current portion 430 310 Common shares 620 440 Retained earnings 720 560 Additional information: 1. -/10 The bank loan was increased by additional borrowings of $340 to partially finance the purchase of new equipment that cost $680. The bank loan was decreased by repayments. 2. Common shares were issued during the year. None were repurchased. 3. The company paid dividends during the year. 4. Net income for the year was $460. Prepare the financing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Prepare the financing activities section of Blossom's statement of cash flows for the year. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) BLOSSOM CORPORATION Statement of Cash Flows (Partial) ($ in thousands) Year Ended December 31, 2021 Financing activities Issue of common shares $ 180 Payment of cash dividends Repayment of bank loan payable Net cash used by financing activities 25 $ Note X to the Statement of Cash Flows: During the year, the company purchased equipment costing $680 by paying $340 cash and issuing a $ 340 bank loan payable.