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Blue Spruce Corporation Comparative Balance Sheets December 31 $18,4002025$11,0002024 Accounts receivable Land Buildings 21,10020,00083,00024,60027,00083,000 Accumulated depreciation-buildings Total Accounts payable $127,300(15,200)11,600$134,000(11,600)$31,200 Common stock 78,00070,000 Retained earnings
Blue Spruce Corporation Comparative Balance Sheets December 31 $18,4002025$11,0002024 Accounts receivable Land Buildings 21,10020,00083,00024,60027,00083,000 Accumulated depreciation-buildings Total Accounts payable $127,300(15,200)11,600$134,000(11,600)$31,200 Common stock 78,00070,000 Retained earnings Total $127,30037,700$134,00032,800 Additional information: 1. Net income was $23,900. Dividends declared and paid were $19,000. 2. No noncash investing and financing activities occurred during 2025. 3. The land was sold for cash of $4,400. (a) Prepare a statement of cash flows for 2025 using the indirect mothodifshow omounts that decteve cash fow with either - sign esy. 15.000 or in parenthesis e5/15,000) BLUE SPRUCE CORPORATION Statement of Cash Flows - Indirect Method For the Year Ended December 31, 2025 Cash Flows from Operating Activities Net income Adjustments to reconcile net income to Net Cash Provided by Operating Activities 4 : Depreciation Expense Losson Disposal of Piant Assets 3600 Net Cash Provided by Operating Activities v Cash Flows from Investing Activities Sale of Land Net Cash Provided by Imvesting Activities Cash Flows trom Financing Activities Payment of Dividends issuance of Common Stock Net Cash Used by Financing Activities Cash Flows from Financing Activities Payment of Dividends Issuance of Common Stock Net Cash Used by Financing Activitios Net increase in Cash Casthat Beginning of Period Cish at End of Period eTextbookand Media Sove for Later Attempts; unlimited Submit
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