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Blossom Corporation's comparative balance sheets are as follows. Additional information: Net income was $18,600....

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Accounting

Blossom Corporation's comparative balance sheets are as follows.
Additional information:
Net income was $18,600. Dividends declared and paid were $16,800.
Equipment which cost $12,000 and had accumulated depreciation of $1,500 was sold for $4,000.
No noncash investing and financing activities occurred during 2025.
Bonds were retired at their carrying value.
(a)
Prepare a statement of cash flows for 2025 using the indirect method. (Show amounts that decrease cash flow with either a- sign e.g.
-15,000 or in parenthesis eg.(15,000)).
Adjustments to reconcile net income to
image

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