The comparative unclassified statement of financial position for Blossom Ltd. follows: BLOSSOMLTD. Statement of Financial Position December 31 Assets 2021 Cash $51,000 Accounts receivable 88,000 Inventory 170,000 Estimated inventory returns 7,000 Long-term investments 70,000 Equipment 280.000 Accumulated depreciation (76,000) Total assets $590,000 2020 $27,000 80,000 181,500 3.000 145.000 154,000 (34,000) $556,500 Liabilities and Shareholders' Equity Accounts payable Refund liability Bank loan payable (noncurrent) Common shares Retained earnings Total liabilities and shareholders' equity $27,000 10.000 115,000 219,000 219.000 $590.000 $ 44,500 5,000 195.000 175.000 137.000 $556,500 Additional information pertaining to 2021: 1. Net income was $ 109,200. 2. Sales were $994,000. 3. Cost of goods sold was $758,000. 4. Operating expenses were $45,000, exclusive of depreciation expense. 5. Depreciation expense was $42,000. 6. Interest expense was $15,000. 7. Income tax expense was $30,000. 8. Long-term investments were sold at a gain of $5,200. 9. No equipment was sold during the year. 10. $80,000 of the bank loan was repaid during the year. Common shares were issued for $44.000. Question 4 of 4 BLOSSOM LTD. Statement of Cash Flows-Indirect Method Year Ended December 31, 2021 $ Cash, January 1 Cash, December 31 Cash flows from financing activities Cash flows from investing activities Cash flows from operating activities Net cash provided by financing activities Net cash provided by investing activities Net cash provided by operating activities Net cash used by financing activities Netcost used by investing activities Net cash used by operating activities Net decrease in cash Net increase in cash BLOSS Statement of Cash Year Ended Dec