The following information is available for Blossom Company for the year ended December 31, 2022. $ 48,200 4,000 Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase 173,300 8,800 11.800 Net income 304,000 37.500 12,800 5,000 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 309,200 27,800 214,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signes. -15,000 or in parenthesis e.g. (15,000).) parenthesis eg. (15,000).) 28/40 i Blossom Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income 304,000 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 173.300 Increase in Accounts Receivable 8,800 Increase in Inventory 11800 4000 Decrease in Accounts Payable 5000 Increase in Income Taxes Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of land 37.500 Purchase of Building 309.200 Net Cash Provided by Investint Activities 221.700 Cash Flows from Financing Activities Purchase of Treasury Stock 27900 214,000 Issuance of Donds 12.00 Payment of Dividend 173.400 Net Cash Provided by Financing Activities Purchase of Bollding 309,200 Net Cash Provided by Investine Activities 271,700 Cash Flows from Financing Activities Purchase of Treasury Stock 27,800 Issuance of Bonds 214.000 Payment of Dividend 12,800 Net Cash Provided by Financing Activities 173.400 Net Increase in Cash I DIO Cash at Beginning of Period 48.200 Cash at End of Period e Textbook and Media