Answer:
<h2> Blossom Company</h2><h2> Statement of Cash Flows</h2>
December 31, 2020
Cash flow from operating activities
Net income $300,578
Adjustments to reconcile net income: $159,970
- Depreciation expense $171,396
- - Accounts receivable increase ($8,676)
- - Inventory increase ($11,638)
- Accounts payable decrease $3,915
- Income taxes payable increase 4,973
<u> </u>
Net cash provided from operating activities $460,548
Cash flow from investing activities
Sale of land at book value $37,030
- Purchase of building ($305,762)
<u> </u>
Net cash flow from investing activities ($268,732)
Cash flow from financing activities
Issuance of bonds $211,600
- Purchase of treasury stock ($27,508)
- Dividends paid ($12,696)
<u> </u>
Net cash flow from financing activities $171,396
Net increase in cash during the year $363,212
<u>Beginning cash balance $47,610 </u>
Cash balance at December 31, 2020 $410,822
