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Presented here are the financial statements of Blossom Comparyy. Blossom Company Income Statement For the...

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Accounting

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Presented here are the financial statements of Blossom Comparyy. Blossom Company Income Statement For the Year Ended December 31, 2025 Sales revenue Cost of goods sold Gross profit $363,000262,500100,500 Selling expenses $27,000 Administrative expenses Income from operations 64,5009.000 Interest expense Income before income taxes Income tax expense Net income 4,50060,00012,000$48,000 Additional data: 1. Depreciation expense was $26,250. 2. Dividends declared and paid were $30,000. 3. During the year, equipment was sold for $12,750cash. This equipment originally cost $27,000 and had accumulated depreciation of $14,250 at the time of sale, 4. Bonds were fedeemed at their carrying value. 5. Common stock was issued at par for cash. Prepare a statement of cash flows using the indirect method. (Show amounts that decreose casti flow with either a - sign eg - 15.000 or in parenthesis eg. (15.000)} eTextbook and Media 5 Fane for uiter Attemptse unlimited

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