Condensed financial data of Blue Spruce Corp. follow. Blue Spruce Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $ 105,040 $ 62,920 Accounts receivable 114.140 49,400 Inventory 146,250 133,705 Prepaid expenses 36,920 33,800 Long-term investments 179,400 141.700 Plant assets 370,500 315,250 Accumulated depreciation (65,000) (67,600 ) Total $887,250 $669,175 Liabilities and Stockholders' Equity Accounts payable $ 132,600 $ 87,490 Accrued expenses payable 21,450 27,300 Bonds payable 143,000 189,800 Common stock 286,000 227,500 Retained earnings 304,200 137,085 Total $887,250 $669,175 Blue Spruce Corp. Income Statement Data For the Year Ended December 31, 2022 Sales revenue $504,998 Less: Cost of goods sold $176,098 Operating expenses, excluding depreciation 16,133 Depreciation expense 60,450 Income tax expense 35,464 Interest expense 6,149 Loss on disposal of plant assets 9,750 304,044 Net income $ 200,954 Additional information: 1. New plant assets costing $130,000 were purchased for cash during the year. 2. Old plant assets having an original cost of $74,750 and accumulated depreciation of $63,050 were sold for $1,950 cash. 3. Bonds payable matured and were paid off at face value for cash. 4. A cash dividend of $33,839 was declared and paid during the year. Further analysis reveals that accounts payable pertain to merchandise creditors. Prepare a statement of cash flows for Blue Spruce Corp. using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a-sign eg. -15,000 or in parenthesis eg. (15,000).) Blue Spruce Corp. Statement of Cash Flows to Blue SF Statement > Cash at Beginning of Period Cash at End of Period Cash Flows from Financing Activities Cash Flows from Investing Activities Cash Flows from Operating Activities Net Cash Provided by Financing Activities Net Cash Provided by Investing Activities Net Cash Provided by Operating Activities Net Cash used by Financing Activities Net Cash used by Investing Activities Net Cash used by Operating Activities Net Decrease in Cash Net Increase in Cash