Comparative Balance Sheets December 31 \begin{tabular}{|c|c|c|} \hline \multirow[b]{2}{*}{ Assets } & 2025 & 2024 \\ \hline & & \\ \hline Cash & \( \$ 94,500 \) & \( \$ 54,000 \) \\ \hline Accounts receivable & 54,000 & 37,800 \\ \hline Inventory & 75,600 & 54,000 \\ \hline Property, plant, and equipment & 162,000 & 210,600 \\ \hline Accumulated depreciation & \( (86,400) \) & \( (64,800) \) \\ \hline Total & \( \$ 299,700 \) & \( \$ 291,600 \) \\ \hline \multicolumn{3}{|l|}{ Liabilities and Stockholders' Equity } \\ \hline Accounts payable & \( \$ 51,300 \) & \( \$ 40,500 \) \\ \hline Income taxes payable & 18,900 & 21,600 \\ \hline Bonds payable & 45,900 & 89,100 \\ \hline Common stock & 48,600 & 37,800 \\ \hline Retained earnings & 135,000 & 102,600 \\ \hline Total & \( \$ 299,700 \) & \( \$ 291,600 \) \\ \hline \end{tabular}

Current Attempt in Progress Presented here are the financial statements of Blossom Company. 1. Depreciation expense was $47,250. 2. Dividends declared and paid were $54,000. 3. During the year, equipment was sold for $22,950 cash. This equipment originally cost $48,600 and had accumulated 1. Depreciation expense was $47,250. 2. Dividends declared and paid were $54,000. 3. During the year, equipment was sold for $22,950 cash. This equipment originally cost $48,600 and had accumulated depreciation of $25,650 at the time of sale. 4. Bonds were redeemed at their carrying value. 5. Common stock was issued at par for cash. (a) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g. -15,0 or in parenthesis e.g. (15,000).) Prepare a statement of cash flows 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). lyodans s (P) Chapter 12 Homework Assignment (Graded) Question 3 of 4 12 eTextbook and Media Assistance Used eTextbook 1 SUPPORT