The following accounts increased during 2014: Accounts Receivable $14,900; Inventory $10,520; Accounts Payable $13,530. Prepare the cash flows from operating activities section of Bloom's 2014 statement of cash flows using the direct method.
Bloom Corporation had the following 2014 income statement.
| Sales revenue |
$201,650 |
| Cost of goods sold |
119,520 |
| Gross profit |
82,130 |
| Operating expenses (includes depreciation of $20,560) |
52,720 |
| Net income |
$29,410
|