YPLUS Support The following selected accounts are from Blossom Corp's general ledger: Land Jan. 1 Bal. 540,000 Dec. 31 7.000 Dec. 31 Bal 547.000 Equipment Jan. 1 Bal 164,000 July 31 75,000 53,000 Nov. 10 Bal 251,000 Sept. 2 Dec. 31 41,000 Accumulated Depreciation-Equipment Jan. 1 Bal. 77,000 Nov. 10 30,000 Dec 31 49,000 Dec. 31 Bal 96,000 Dividends Payable Jan. 1 Dec. 23 Dec. 31 Bal. 1,300 4,600 Bal. 5,900 Retained Earnings Jan. 1 4,600 Dec. 31 Dec. 31 Dec. 23 Bal 110,000 67,000 Bal 172,400 Additional information: July 31 Equipment with a cost of $75,000 was purchased for cash. Sept. 2 Equipment with a cost of $53,000 was purchased and partially financed through the issue of a long-term bank loan payable. Nov. 10 A loss of $3,200 was incurred on the disposal of equipment. Dec. 1 Acquired a small parcel of adjoining land. 23 A $4,600 cash dividend was declared to shareholders of record on December 31, payable on January 10, 31 Depreciation expense of $49,000 was recorded for the year. 31 Net income for the year was $67,000. 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 eg. (15,000).) BLOSSOM CORP. Statement of Cash Flows (Partial) Year Ended December 31 Investing activities 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-signe.g.-15,000 or in parenthesis eg. (15,000). BLOSSOM CORP. Statement of Cash Flows (Partial) Year Ended December 31 Investing activities Purchase of equipment (128,000) Disposal of equipment 7800 Purchase of land (7000) Net cash used by investing activities : Financing activities Repayment of bank loan . 53,000 was purchased by paying $7.000 cash and issuing a bank loan payable for Notes to the financial statements: Equipment of $ $46,000