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Blossom Corp. is a private company reporting under ASPE. The following selected accounts are from the general ledger for the year ended December 31, 2021:
Equipment
Jan. 1 257,400
July 31 64,350
Nov. 10 45,540
Dec. 31 276,210
Accumulated Depreciation-Equipment
Jan. 1 115,830
Nov. 10 37,620
Dec. 31 32,670
Dec. 31 110,880
Retained Earnings
Jan. 1 128,700
Aug. 23 7,920
Dec. 31 83,160
Dec. 31 203,940
Additional information:
July 31 Equipment was purchased for cash.
Aug. 23 A cash dividend was paid.
Nov. 10 A loss of $2,970 was incurred on the sale of equipment.
Dec. 31 Depreciation expense was recorded for the year.
Dec. 31 Closing entries were recorded.
Question 1: From the postings in the above accounts and additional information provided, indicate what information would be reported in the investing and/or financing activities sections of the cash flow statement. (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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