Exercise 22-3 (b) (indirect method) Blue Farms Ltd., which follows ASPE, had the following transactions during the fiscal year ending December 31, 2017 1. On May 1, a used tractor was sold at auction. The information concerning this transaction included: Original cost of the tractor Carrying amount of tractor at date of sale Cash proceeds obtained at sale $51,500 19,900 2. After the seeding season, on June 15, 2017, a plough with an original cost of $6,950 and a carrying amount of $900 was discarded. 3. On September 1, 2017, a new plough was purchased for $8,250 4. On December 30, a section of land was sold to a neighbouring farm called Clear Pastures Ltd. The original cost of the land was $52,000. To finance the purchase, Clear Pastures gave Blue a three-year mortgage note in the amount of $75,000 that cames interest at 6%, with interest payable annually each December 30 On December 31, 2017, depreciation was recorded on the farm equipment in the amount of $17,900 5. Indicate specifically which sections of the statement of cash flows of Blue Farms Ltd. would report the transactions provided, using the indirect format. (Show amounts that decrease cash flow with either a -sign e.g. -15,000 or in parenthesis e.g. (15,000).) Operating Activities Investing Activities