Question: Current Attempt in Progress Blossom Corporation's comparative balance sheet is presented below. BLOSSOM CORPORATION Balance Sheet December 31 Assets 2024 2023 Cash $14.870 $11,130
Current Attempt in Progress Blossom Corporation's comparative balance sheet is presented below. BLOSSOM CORPORATION Balance Sheet December 31 Assets 2024 2023 Cash $14.870 $11,130 Accounts receivable 22.050 24,340 Land 20,800 27,040 Building 72.800 72,800 Accumulated depreciation-building (15.600) (10,400) Total $114,920 $124,910 Liabilities and Shareholders' Equity Accounts payable $12.860 $32,340 Common shares 78,000 71,760 Retained earnings 24,060 20,810 Total $114,920 $124,910 Additional information: 1 Profit for the year was $23,540. Dividends declared and paid were $20,290. 2 No noncash investing and financing activities occurred during 2024. 3. The land was sold for cash of $5,100, resulting in a loss of $1,140 on the sale of the land. Prepare a cash flow statement for 2024 using the indirect method. Blossom Corporation reports under ASPE (Show amounts that decrease cash flow with either a-sign eg-15,000, or in parenthesis eg. (15,000 BLOSSOM CORPORATION Cash Flow Statement Adjustments to reconcile profit to S S
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