The statement of income and unclassified statement of financial position for Blossom Inc. follow: Additional information regarding $2024$:

Operating expenses include $$74,000$ of depreciation expense and a $$14,600$ loss on disposal of equipment.

No trading investments were bought or sold during the year, but management intends to trade some soon.

Prepaid expenses relate to operating expenses.

New equipment costing $$98,730$ was purchased by paying $$17,530$ cash and issuing common shares worth $$81,200.$ These

were the only common shares issued during the year.

Old equipment having an original cost of $$75,700$ was sold for $$10,250.$

Accounts payable relate to inventory suppliers.

A new $$90,000$ bank loan was received during the year and bank loan payments were also made during the year.

No common shares were issued for cash during the year, but some were bought back and cancelled at the same price that

they were originally issued at$.$

The company paid dividends during the year.

$($a$)$ Prepare the 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 e$.$g$.(15,000).)$ BLOSSOM INC.

Statement of Cash Flows

Adjustments to reconcile net income to