Current Atterngt in Progress Blue Ca reported $150,000 of net inconse for 2020. The accountant, in preparing the statement of cash flows, noted the following items occurring duriog 2020 that might affect cash flown from cperating activities. 1. Blue purchased 100 shares of treasurystockat a cost of $20 per share. These shares were then resold at $25 per thare. 2. Blue sold 100 shares of IBM common at 5210 per share The acquisition cost of theseshares was 5140 per share. There were: no unrealized gains or losses recorded on this investment in 2020 . 3. Bue revised its estimate for bad debts. Before 2020, Blue's bad debt expense was 18 of its receivables. In 2020, this percentage was increased to 2 X. Net account for 2020 were $516,800, and net accounts receivable decreased by $11,300 during 2020. 4. Blue issued 500 shares of its $10 par common stock for apotent. The macket price of the stares on the date of the tranaction was $23 perstare 5. Depreciation expense is $39,200. 4. Blue Co holds 4056 of the Nirvana Company's cormmon stock as a lon-term inwestment. Nirvana Company reported $28.900 of net income for 2020 . 7. Nirvana Compary paid a total of $1.800 of cash dividensts to all irvestees in 2020. 8. Elue declared a 10\% stock dividend. One thousand shares of $10 par cominon stock were distributed. The market price at date of ksiance was 520 per share. Prepare a schedule that shows the net cash flow from operatine activities using the indirect method. Asqume no ltems other than those listed above affected the computation of 2017 net cash flow from operating activities. IShow amounts that decrease cash flow with Caerfions from Operating Act ivine: Net income Adiustments fo reconcile net income to Net Cach Provideo by Operating Actovities Deprociatian beense Gaven 5 alo of invesirent Decrease in Acrooints gecovable 11300 Incocie from Fquity Method inxostmens Duidends from Easity Pertwatioveriaknit Net Cat Pronided by Goeratina Activities