The comparative balance sheets for Blue Spruce Corp. as of December 31 are presented below. 2018 Blue Spruce Corp. Comparative Balance Sheets December 31 Assets 2019 Cash $57,400 Accounts receivable 41,900 Inventory 150,400 Prepaid expenses 14,500 Land 96,500 Buildings 200,300 Accumulated depreciation-buildings (56,300) Equipment 229,900 Accumulated depreciation-equipment (42,500) Total $692,100 Liabilities and Stockholders' Equity Accounts payable $46,200 Bonds payable 260,000 Common stock, $1 par 190,000 Retained earnings 195,900 Total $692,100 $47,000 62,900 145,300 23,000 130,600 200,300 (30,900) 156,300 (35,300) $699,200 $39,200 290,900 159,100 210,000 $699,200 Additional information: 1. Operating expenses include depreciation expense of $42,000 and charges from prepaid expenses of $8,500. 2. Land was sold for cash at book value. 3. Cash dividends of $58,600 were paid. 4. Net income for 2019 was $44,500. 5. Equipment was purchased for $95,100 cash. In addition, equipment costing $21,500 with a book value of $12,100 was sold for $6,000 cash. 6. Bonds were converted at face value by issuing 30,900 shares of $1 par value common stock. Prepare a statement of cash flows for the year ended December 31, 2019, 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 Adjustments to reconcile net income to $ > $ $