Brief Exercise 23-5Bloom Corporation had the following 201

Brief Exercise 23-5Bloom Corporation had the following 2014 income statement.Sales revenue$200000Cost of goods sold120000Gross profit80000Operating expenses (includes depreciation of $21000)50000Net income$30000 The following accounts increased during 2014: Accounts Receivable $12000; Inventory $11000; Accounts Payable $13000. 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. -15000 or in parenthesis e.g. (15000).) Statement of Cash Flows-Indirect Method (Partial) For the Year 2014

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