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The following information is available for Blossom Company for the year ended December 31, 2022. Beginning cash balance $ 48,200 Accounts payable decrease 4,000 Depreciation
The following information is available for Blossom Company for the year ended December 31, 2022. Beginning cash balance $ 48,200 Accounts payable decrease 4,000 Depreciation expense 173,300 Accounts receivable increase 8,800 Inventory increase 11,800 Net income 304,000 Cash received for sale of land at book value 37,500 Cash dividends paid 12,800 Income taxes payable increase 5,000 Cash used to purchase building 309,200 Cash used to purchase treasury stock 27,800 Cash received from issuing bonds 214,000 Blossom Company Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to $
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