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The following selected accounts are from Blossom Corp.s general ledger. Land Jan 1 Bal. 510,000 8,000 Dec 31 Dec 31 Bal 518,000 Equipment Jan 1

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The following selected accounts are from Blossom Corp.s general ledger. Land Jan 1 Bal. 510,000 8,000 Dec 31 Dec 31 Bal 518,000 Equipment Jan 1 Bal 161,000 July 31 80,000 Sept. 2 51,000 Nov. 10 36,000 Dec 31 Bal 256,000 Accumulated Depreciation-Equipment Jan 1 Bal. 71,000 Nov. 10 34,000 Dec 31 40,000 Dec 31 Bal 77,000 Dividends Payable Jan 1 Bal 1,100 Dec 23 4.000 Dec 31 Bal 5,100 Bank Loan Payable Jan 1 Bal 0 Sept. 2 49,000 Dec. 31 Bal 49,000 Retained Earnings Jan. 1 Bal. 130,000 Dec 23 4,000 Dec 31 61,000 Dec 31 Bal. 187,000 Additional information: July 31 Sept. 2 Nov. Equipment with a cost of $80,000 was purchased for cash. Equipment with a cost of $51,000 was purchased and partially financed through the issue of a long-term bank loan payable received specifically for the purchase of this equipment. A loss of $3,700 was incurred on the disposal of equipment. Acquired a small parcel of adjoining land. A $4,000 cash dividend was declared to shareholders of record on December 31, payable on January 10 Dec 1 23 10. 31 Depreciation expense of $40,000 was recorded for the year. Net income for the year was $61,000. 31 From the postings in the above accounts and additional information provided indicate what information would be reported in the investing and/or financing activities sections of, and notes to the statement of cash flows. (Show amounts that decrease cash flow with either a - signes. -15.000 or in parenthesis e.s. (15,000.) BLOSSOM CORP. Statement of Cash Flows (Partial) Year Ended December 31 Investing activities $ What is the amount that would be reported for financing activities? Financing activities Notes to the financial statements: Equipment of $ was purchased by paying $2,000 cash and issuing a bank loan payable specifically for the purchase of this equipment for $49,000

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