The following accounts increased during 2014 accounts

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Bloom Corporation had the following 2014 income statement

Sales Revenue $200,000

Cost of Goods Sold 120,000

Gross Profit 80,000

Operating expenses

(includes depreciation of $21,000) 50,000

Net Income 30,000

The following accounts increased during 2014: Accounts Receivable $12,000; Inventory $11,000; Accounts Payable $13,000. Prepare the cash flows from operating activities section of Bloom's 2014 statement of cash flows using the direct method.

Reference no: EM13389362

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