Shown below are comparative balance sheets for Blossom Company, Blossom Company Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 102,000 $ 33.000 Accounts receivable 132.000 114.000 Inventory 250.500 283,500 Land 120.000 150,000 390.000 300,000 Equipment Accumulated depreciation-equipment 199.000) (48,000) Total $895,500 $832,500 Liabilities and Stockholders' Equity Accounts payable $58,500 $ 64,500 Bonds payable 225.000 300,000 Common stock (51 par) 324,000 261.000 Retained earning 288.000 5895.500 207.000 5822 500 Total Adotical information 1 1 Net income for 2022 was 5139.500 Depreciation perse was $51.000. Cash dividench of 558.500 were declared and gold Bonds payable amounting to 575.000 were redd for a $75.000 Common stock was noved for 54:2000 cash o equipment was sold during 2022 and was sold fortsbook Pranastant of cash flows for 2022 using the indirect method wordt decree how will either synes 45.000 or in pothesis 45.000 Blossom Company Statement of Cash Flows For the Year Ended December 31. 2022 Cash Flows from Operating Activities Net Income 139,500.00 Adjustments to reconcile net income to Cash Provided by Operating Activities Depreciation Expone 51000 Increase in Account Receivable 18000 Decrease inventory 30000 Der Accounts Paya 6000 8000 Ch Power Activiti 199500 Conhiostro imeste Activities Sale of Land 30000 Purchase of opment 90000 Net Cashed by vesting Activities 60000 Cash Flows from Financing Activities del Common Stock 63000 Pashvided 5A500 Redemption of bonds 75.000 et Chined by and Activities 70500 nach POCO Castat Benning of Period 33000 Cash End of Period $ 102.000.00