Presented below is a condensed version of the comparative balance sheets for Blue Spruce Corporation for the last two years at December 31. 2017 2016 Cash $178,100 $47,800 Accounts receivable 115,500 76,400 Investments 71,100 95,100 Equipment 348,900 172,500 Accumulated depreciation-equipment (91,300) (65,100) Current liabilities 133,500 90,500 Common stock 142,100 65,500 Retained earnings 349,700 173,700 Additional information: Investments were sold at a gain of $9,500; no investments were purchased; no equipment was sold; cash dividends paid were $41,700; and net income was $217,700. (a) Your answer is partially correct. Prepare a statement of cash flows for 2017 for Blue Spruce Corporation. (Show amounts that decrease cash flow with either a - - sign e.g. -15,000 or in parenthesis e.g. (15,000).) Blue Spruce CORPORATION Statement of Cash Flows Cash Flows from Operating Activities Net Income Blue Spruce CORPORATION Statement of Cash Flows For the Year Ended December 31, 2017 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Gain on Sale of Investments 26200 $ 217700 Gain on Sale of Investments Increase in Current Liabilities Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Investments Purchase of Equipment Net Cash Used by Investing Activities 43000 24000 Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Issuance of Common Stock Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Year Cash at End of Year +A