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The comparative statement of financial position for Blossom Retailers Ltd follows BLOSSOM RETAILERS LTD. Statement of Financial Position December 31 19.009 8000 70004000 45000 30000
The comparative statement of financial position for Blossom Retailers Ltd follows BLOSSOM RETAILERS LTD. Statement of Financial Position December 31 19.009 8000 70004000 45000 30000 Additional information 1 Net income was $ 62.000 in 2018. Depreciation expense was $ 22.000 in 2018 1 Payments made to the bank pertaining to the bank loan were $ 10,000 in 2018 Some new loans were obtained that year Common shares were issued in 2018 and no shares have been bought back by the company. In 2018,no furniture was sold Prepare a statement of cash flows using the indirect method for 2018 (Show amounts that decrease cash flow with either a-sign eg-15,000 or in parenthesis e. (15,000) BLOSSOM RETAILERS Statement of Cash Flows-Indirect Method
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