Bloom Corporation had the following 2010 income statement.
Net income $30,000
The following accounts increased during 2011: accounts receivable $12,000; inventory $11,000; accounts payable $13,000. Complete the cash flows from operating activities section of Bloom's 2011 statement of cash flows using the direct method. (List amounts from largest to smallest eg 10, 5, 3, 2.)
Cash flows from operating activities
Net cash provided/used by operating activities $.
Cash Flows from Operating activities-Direct method
The solution completes the cash flows from operating activities of Bloom's statement of cash flows using the direct method.