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The following information is provided for Blossom Ltd . . . . / 1 BLOSSOM LTD . Balance SheetDecember 3 1 Assets 2 0 2

The following information is provided for Blossom Ltd..../1BLOSSOM LTD.Balance SheetDecember 31Assets20242023Cash$54,400$17,600Accounts receivable70,40060,800Inventory133,600151,200Land64,00080,000Equipment208,000160,000Accumulated depreciation-equipment(52,800)(25,600)
Total assests 477600444000
Liablilities and shareholders equity
Accountpayable 3120034400
Bonds payable 120000160000
Commmon shares 172800139200
Retained earnings 153600110400
Total liabilitiess and shareholders equity477600444000
Additional information
Profit for 2024 was 74400
Depreciation expense 27200
Cash dividend of 31200 were declared and paid
Bond payable with carrying amount of 40000 were reedeemable for 40000 cash
Common shares were issued for 33600 cash
No equipment was sold in 2024
land was sold at its carrying value
prepare a statement of cash flow for 2024 using the indirect method

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