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Brief Exercise 23-5 Bloom Corporation had the following 2014 income statement. Sales revenue $201,950 Cost...

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Accounting

Brief Exercise 23-5 Bloom Corporation had the following 2014 income statement. Sales revenue $201,950 Cost of goods sold 108,650 Gross profit 93,300 Operating expenses (includes depreciation of $23,540) 51,710 Net income $41,590 The following accounts increased during 2014: Accounts Receivable $12,330; Inventory $10,380; Accounts Payable $12,220. Prepare the cash flows from operating activities section of Blooms 2014 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).)

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