Blue Spruce Corp.'s income statement contained the condensed information below.

Your answer is partially correct. Blue Spruce Corp.'s income statement contained the condensed information below. Blue Spruce Corp. Income Statement For the Year Ended December 31, 2022 Service revenue $2,231,000 Operating expenses, excluding depreciation $1,412,200 Depreciation expense 126,500 Loss on disposal of plant assets 36,800 1,575,500 Income before income taxes 655,500 Income tax expense 128,800 Net income $526.700 Blue Spruce Corp's balance sheets contained the following comparative data at December 31. 2022 2021 Accounts receivable $161,000 $138,000 Accounts payable 94.300 73,600 Income taxes payable 29.900 16,100 Prepare the operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) Blue Spruce Corp. Partial 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 Depreciation Expense $ Loss on Disposal of Plant Assets mood Increase in Accounts Payable Increase in Accounts Pavable Increase in Income Taxes Payable Net Cash Provided by Operating Activities