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Blue Spruce Co. reported the following items in the most recent year: Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase
Blue Spruce Co. reported the following items in the most recent year: Net income Dividends paid Increase in accounts receivable Increase in accounts payable Purchase of equipment Depreciation expense Issue of notes payable for cash (a) $49,500 5,500 10,500 7,000 9,000 4,000 29,500 Calculate net cash provided (used) by operating activities, the net change in cash during the year, and free cash flow. Dividends paid related to the company's common shares and are treated as financing activities. Blue Spruce uses the indirect method for its statement of cash flows. (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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