Retained earnings Total Blossom Company Income Statement For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross profit Selling expenses Administrative expenses Income from operations Interest expense Income before income taxes Income tax expense Net income $363,000 262,500 100,500 $27,000 9,00036,000 64,500 4,500 60,000 12,000 $48,000 1. Depreciation expense was $26,250. 2. Dividends declared and paid were $30,000. 3. During the year, equipment was sold for $12,750 cash. This equipment originally cost $27,000 and had accumulated depreciation of $14,250 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. Net Cash Provided by Operating Activities v Cash Flows from Operating Activities Sale of Equipment Cash Flows from Operating Activities Net Increase in Cash 12,750.00 22,500.00
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