Reference no: EM132583454

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).)