Bloom SA had the following 2019 income statement. Sales revenue..............................................................200,000 Cost of goods sold.........................................................120,000 Gross profit..................................................................80,000 Operating

Question:

Bloom SA had the following 2019 income statement.
Sales revenue..............................................................€200,000
Cost of goods sold.........................................................120,000
Gross profit..................................................................80,000
Operating expenses (includes depreciation of €21,000)...............50,000
Net income.................................................................€ 30,000
The following accounts increased during 2019: €12,000, inventory €11,000, and €13,000. Prepare the cash flows from operating activities section of Bloom's 2019 statement of cash flows using the direct method.
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