Alex #1

Blue Spruce Corp.reported net income of $194,300 for 2019. Blue Spruce also reported depreciation expense of $46,800 and a loss of $5,900 on the disposal of plant assets. The comparative balance sheet shows a decrease in accounts receivable of $19,800 for the year, a $21,800 increase in accounts payable, and a $3,400 decrease in prepaid expenses. Prepare the operating activities section of the statement of cash flows for 2019. Use the indirect method. (Show amounts that decrease cash flow with either a -sign eg. -15,000 or in parenthesis e.g. (15,000).) Blue Spruce Corp. Partial Statement of Cash Flows Adjustments to reconcile net income to