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Blue Spruce Company

Income Statement

For the Year Ended December $31,2025$

Additional data: $$

Depreciation expense was $$22,750.$

Dividends declared and paid were $$26,000.$

During the year, equipment was sold for $$11,050$ cash. This equipment originally cost $$23,400$ and had accumulated

depreciation of $$12,350$ at the time of sale.

Bonds were redeemed at their carrying value.

Common stock was issued at par for cash.

Current Attempt in Progress

$($a$)$

Prepare a statement of cash flow using the indirect methad. $($Show amounts that decreose cosh flow with either a $-$ sign eg$.-15,000$

or in parenthesis eg $(15,000).$

$($b$)$

$x$ Your answer is incorrect.

Compute free cash flow. $($Show amounts that decrease free cash flow with either $a-$ sign e$.$g$.-15,000$ or in parenthesis e$.$g$.(15,000).)$

Free cash flow $