Exercise 12-08 The following information is available for Blue Spruce Corp. for the year ended December 31, 2022. Beginning cash balance Accounts payable increase Depreciation expense Accounts receivable decrease Inventory decrease Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable decrease Cash used to purchase land Cash used to redeem bonds Cash received from issuing stock $ 33,600 7,980 57,400 6,720 4,340 80,080 145,600 53,200 5,460 113,400 92,400 224,000 Prepare a 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. Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to