Blue Spruce Corp. Comparative Balance Sheets December 31 Assets 2022 Cash $ 84,320 Accounts receivable 62.000 Inventory 187.798 Prepaid expenses 18.947 Land 179,800 Buildings 248,000 Accumulated depreciation-buildings (74.400) Equipment 279.000 Accumulated depreciation-equipment (55,800) Total $929,665 2021 $ 55,800 71,920 176,080 26.040 161.200 248.000 (49.600) 192.200 (43.400) $838.240 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock. $1 par Retained earnings Total $ 55,465 372.000 248,000 254,200 $929,665 $44.640 372.000 198,400 223,200 $838,240 Additional information: Question 5 of 5 -/3 E Total $929,665 $838,240 Additional information: 2. 3. 4. Operating expenses include depreciation expense of $52.080 ($24.800 of depreciation expense for buildings and $27.280 for equipment). Land was sold for cash at book value. Cash dividends of $14,880 were paid. Net income for 2022 was $45.880. Equipment was purchased for $114,080 cash. In additionequipment costing $27.280 with a book value of $12.400 was sold for $9.920 cash 49.600 shares of $1 par value common stock were issued in exchange for land with a fair value of $49,600. 5. 6. Prepare a statement of cash flows for the year ended December 31, 2022 using the indirect method. (Show amounts that decrease cash flow with either a-sign eg. - 15,000 or in parenthesis eg. (15,000).) Blue Spruce Corp. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Alicante ornito natin mot a EC . 1% Question 5 of 5 -/3 E Blue Spruce Corp. Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Sale of Equipment $ c > > C $ e Textbook and Media Assistance Used Save for Later Last saved 5 minutes ago Attempts: 0 of 4 used Submit