Blossom Company's comparative balance sheets are presented below: Additional information: 1. Net income was $18,750. Dividends declared and paid were $15,000. 2. Equipment which cost $9,900 and had accumulated depreciation of $1,600 was sold for $3,800. 3. No noncash investing and financing activities occurred during 2020. Blossom Company Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 18750 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense $ Loss on disposal of Plant Assets 4500 Increase in Accounts Receivable Increase in Accounts Payable 4400 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Investments Sale of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Dividends $ Issuance of Common Stock Retirement of Bonds Payment of Dividends $ Issuance of Common Stock Retirement of Bonds Net Cash Used by Financing Activities Net Decrease in Cash 800 Cash at Beginning of Period Cash at End of Period