The following information is available for Blossom Company for the year ended December 31, 2020. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 47.610 3,915 171,396 8,676 11.638 300,578 37,030 12,696 4,973 305,762 27,508 211,600 Screenshot(Alt + A) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis eg. (15,000).) Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 300578 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Decrease in Accounts Payable 1 -3915 Depreciation Expense 171396 Increase in Accounts Receivable -8676 Increase in Inventory -11638 Increase in Income Taxes Payable y 4973 152140 Net Cash Provided by Operating Activities 452718 Cash Flows from Financing Activities Sale of Land 37030 Purchase of Building -305762 Net Cash Provided by Operating Activities Cash Flows from Financing Activities Sale of Land Purchase of Building 37030 C - -305762 Net Cash used by Investing Activities -268732 Cash Flows from Financing Activities Payment of Dividend -12694 Purchase of Treasury Stock -27508 Issuance of Bonds 211600 Net Cash used by Financing Activities 171396 Net Increase in Cash 355382 Cash at Beginning of Period 47610 Cash at End of Period 402992