Ch 12 Homework Question 12 of 18 View Policies Show Attempt History Current Attempt in Progress...

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Ch 12 Homework Question 12 of 18 View Policies Show Attempt History Current Attempt in Progress < Blossom Corporation's comparative balance sheets are presented below. Blossom Corporation Comparative Balance Sheets December 31 2025 2024 Cash Accounts receivable Land $16,900 $10,600 21,800 24.500 21.400 27,000 Buildings 89.000 89.000 Accumulated depreciation-buildings (17,000) (11,800) Total $132,100 $139,300 Accounts payable $12.100 $31,300 Common stock 75,000 66,000 Retained earnings 45.000 42.000 Total $132,100 $139,300 Additional information: 1. Net income was $22,800. Dividends declared and paid were $19,800. 2. No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,600. (a) 2.35/5 - Your answer is partially correct. 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 e.g. (15,000).) BLOSSOM CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense (b) Decrease in Accounts Receivable Decrease in Accounts Payable Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period eTextbook and Media Save for Later 5200 2700 -19200 -5200 4600 9000 -19800 22800 -16500 12500 4600 -10800 6300 10600 $ 16900 Assistance Used Attempts: 2 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. SUPPORT Ch 12 Homework Question 12 of 18 View Policies Show Attempt History Current Attempt in Progress < Blossom Corporation's comparative balance sheets are presented below. Blossom Corporation Comparative Balance Sheets December 31 2025 2024 Cash Accounts receivable Land $16,900 $10,600 21,800 24.500 21.400 27,000 Buildings 89.000 89.000 Accumulated depreciation-buildings (17,000) (11,800) Total $132,100 $139,300 Accounts payable $12.100 $31,300 Common stock 75,000 66,000 Retained earnings 45.000 42.000 Total $132,100 $139,300 Additional information: 1. Net income was $22,800. Dividends declared and paid were $19,800. 2. No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,600. (a) 2.35/5 - Your answer is partially correct. 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 e.g. (15,000).) BLOSSOM CORPORATION Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense (b) Decrease in Accounts Receivable Decrease in Accounts Payable Loss on Disposal of Plant Assets Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Net Cash Provided by Investing Activities Cash Flows from Financing Activities Issuance of Common Stock Payment of Dividends Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period eTextbook and Media Save for Later 5200 2700 -19200 -5200 4600 9000 -19800 22800 -16500 12500 4600 -10800 6300 10600 $ 16900 Assistance Used Attempts: 2 of 3 used Submit Answer The parts of this question must be completed in order. This part will be available when you complete the part above. SUPPORT